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Author Question: In a balance of payments statement, the current account plus the financial account must equal the ... (Read 104 times)

piesebel

  • Hero Member
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  • Posts: 565
on: Jun 29, 2018
In a balance of payments statement, the current account plus the financial account must equal the capital account.
 
  Indicate whether the statement is true or false

Question 2

If one day the dollar is trading at 1.00 euro per dollar and the next day the exchange rate is 0.88 euros per dollar, one possible factor that might have led to this change is
 
  A) an increase in the U.S. interest rate.
  B) a decrease in the European interest rate.
  C) the Fed buying dollars.
  D) the Fed selling dollars.
  E) an increase in the expected future exchange rate.


pangili4

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

D


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