Suppose a U.S.firm purchases some English china.The china costs 1,000 British pounds.At the exchange rate of $1.45 = 1 pound,the dollar price of the china is
A) $250.
B) $690.
C) $1,450.
Correct Answer:
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Q21: If the exchange rate between the U.S.dollar
Q21: The capital account includes
A)Trade in goods.
B)Trade in
Q23: The current account balance is equal to
A)Imports
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Q30: In a floating exchange rate system, the
Q30: Under floating exchange rates,the capital account balance
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Q35: The net balance of payments is
A)The difference
Q36: Exports minus imports define a country's
A)Current account
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