If the Bank of Canada buys $3 billion worth of Japanese yen,$4 billion of German marks,and $2 billion of French francs,and sells $5 billion of British pounds,how does this affect the official settlements balance?
A) falls by $4 billion
B) rises by $4 billion
C) rises by $9 billion
D) falls by $5 billion
Correct Answer:
Verified
Q2: If France has a trade deficit,then
A)imports into
Q3: Which of the following statements is true?
A)The
Q3: The difference between the current account balance
Q4: Canada's balance of payment accounts
A)are a record
Q5: The official settlements balance equals
A)the sum of
Q6: The world as a whole has a
Q7: The current account balance consists of
A)the trade
Q8: If a country's merchandise exports exceed its
Q9: If a French company sells 1000 gallons
Q10: The merchandise trade balance is a country's
A)exports
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