ZuoTi.Pro
Question

DQuestion 36 2 pts The following table shows the number of U.S. dollars required to buy one British pound and the number of U.S. dollars required to buy one euro between February 1, 2016, and September 1, 2016: U.S. Dollars Required U.S. Dollars to Buy 1 British Pound 1.429 Required to Buy 1 Euro 1.1092 Date February 1, 2016 March 1, 2016 1.425 April 1, 2016 1.432 May 1, 20161.452 June 1, 2016 1.420 July 1, 20161.313 August 1, 2016 1.310 September , 1.314 2016 Between February 1, 2016, and March 1, 2016, the U.S. dollar against the British pound, and the U.S. dollar 1.1134 1.1346 1.1312 1.1232 1.1055 1.1207 1.1218 against the euro O depreciated; depreciated O appreciated; depreciated O neither appreciated nor depreciated; neither appreciated nor depreciated O depreciated; appreciated O appreciated; appreciatedQuestion 37 2 pts The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between June 1, 2016, and September 1, 2016. Use this table to answer the following questions U.S. Dollars U.S. Dollars Required Required to Buy 1 Mexican to Buy 1 Peso Date June 1, 2016 0.0536 July 1, 2016 0.0537 August 1, 2016 0.0541 September 1, 0.0520 2016 Japanese Yen 0.0095 0.0096 0.0099 0.0098 On July 1, 2016, Brandy paid 450 Mexican pesos for a manicure in Playa del Carmen, Mexico. Because she only had Japanese yen, she needed to exchange her Japanese yen at a nearby money-exchange kiosk in order to get the 450 Mexican pesos she used to pay the manicurist. The kiosk is able to buy and sell U.S. dollars, Mexican pesos, and Japanese yen at the exchange rates shown in the table. Approximately how much did the manicure cost Brandy in terms of Japanese yen? O 0.3243 O 2,517 O 472,532 O 0.3386 O 2,921Question 42 2 pts Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses euros for the transaction. Tanzania then uses the euros to purchase wine from Portugal. How will this transaction affect Portugals trade deficit? O The first transaction is recorded as an export in the current account. The second transaction is also recorded as an export in the current account, so the trade deficit will shrink. O The first transaction is recorded as an import in the current account. The second transaction is also recorded as an import in the current account, so the trade deficit will grow. O The first transaction is recorded as an export in the current account. The second transaction is recorded as an import in the current account, so the trade deficit will not change. O The trade deficit will be unaffected because each of these transactions affects the capital account. O The first transaction is recorded as an import in the current account. The second transaction is recorded as an export in the current account, so the trade deficit will not change.D Question 43 2 pts Currency appreciation occurs when O a currency becomes more valuable relative to the domestic price index. one currency becomes less valuable relative to another currency. O a currency becomes more valuable relative to another currency. one currency is consistently more valuable than another currency. O the demand for a good or service derives from the supply of another good or serviceDQuestion 44 2 pts The record of all payments between one country and the rest of the world is called Opayment parity Othe trade balance. O the exchange rate. O the balance of payments. the current account.D Question 45 2 pts The account that tracks payments for real and financial assets between nations and extension of international loans is known as the O deficit and surplus. O trade balance. current account. O capital account. O balance of paymentsDQuestion 46 2 pts How can domestic savings rates cause a current account deficit? O High domestic savings rates fuel import purchases. O Lower domestic savings rates decrease economic growth and imports. O Lower domestic savings rates increase government budget deficits. Lower domestic savings rates leave space for foreign investment. O High domestic savings rates permit investment in foreign economies.DQuestion 47 2 pts Based on marketing data, a large building materials retailer decides to sell lumber at a discounted rate in Louisiana. The campaign is successful, and the company decides to extend the discount over the long run. According to the law of one price, we can expect O prices for all lumber to decrease. O prices of lumber to decrease in Louisiana but increase in other states. O the price of lumber of the same type to decrease near Louisiana. O prices of lumber to gradually increase in Louisiana and decrease in other states O the price of lumber of the same type to decrease.D Question 49 2 pts Suppose that a Sony PlayStation (manufactured in Japan and exported worldwide) sells for a lower price in China than in the United States. What is the most likely reason for the difference in prices in the two locations? O Japan has a closer political relationship with China, so China receives a discount on the PlayStations compared to the United States. O Shipping the PlayStation to the United States is more expensive than shipping t to China O China institutes price controls on goods and services sold within the country. O Chinese citizens have a much stronger demand for the PlayStation than U.S. citizens do. O The PlayStation sold in China is different from the one sold in the United StatesDQuestion 50 2 pts What is the idea behind purchasing power parity? O A unit of currency will seek an exchange rate where it is equal in value to a foreign unit of currency. Supply and demand will always seek parity pricing for identical goods and services. O A unit of currency buys the same quantity of goods and services after adjusting for transportation costs and trade barriers. O A unit of currency should be able to buy the same quantity of goods and services in any country. O A unit of currency has purchasing power relative to its exchange rate.

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)

All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
DQuestion 36 2 pts The following table shows the number of U.S. dollars required to buy...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Similar Homework Help Questions

  • The following table shows the number of U.S. dollars required to buy one Mexican peso and...

    The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between June 1, 2016, and September 1, 2016. Use this table to answer the following questions. Date June 1, 2016 July 1, 2016 August 1, 2016 September 1, 2016 U.S. Dollars Required to Buy 1 Mexican Peso 0.0536 0.0537 0.0541 0.0520 U.S. Dollars Required to Buy 1 Japanese Yen 0.0095 0.0096 0.0099 0.0098...

  • The following table shows the number of U.S. dollars required to buy one Mexican peso and...

    The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between June 1, 2016, and September 1, 2016. Use this table to answer the following questions. Date June 1, 2016 July 1, 2016 August 1, 2016 September 1, 2016 U.S. Dollars Required to Buy 1 Mexican Peso 0.0536 0.0537 0.0541 0.0520 U.S. Dollars Required to Buy 1 Japanese Yen 0.0095 0.0096 0.0099 0.0098...

  • The following table shows the number of U.S. dollars required to buy one British pound and...

    The following table shows the number of U.S. dollars required to buy one British pound and the number of U.S. dollars required to buy one euro between February 1, 2016, and September 1, 2016 Date February 1, 2016 March 1, 2016 April 1, 2016 May 1, 2016 June 1, 2016 July 1, 2016 August 1, 2016 September 1, 2016 1.314 Between February 1, 2016, and March 1, 2016, the U.S. dollar and the U.S. dollar U.S. Dollars Required to Buy...

  • For each of the following transactions, determine which U.S. account will be credited. a. The United...

    For each of the following transactions, determine which U.S. account will be credited. a. The United States imports $100 million in clothing from China. China receives a financial payment. Capital account Financial account Current account b. British investors purchase $50 million in U.S. stocks and bonds for retirement accounts. Financial account Capital account Current account c. The United States exports $250 million in agricultural products to various nations, receiving a financial payment in return. Capital account Financial account Current account...

  • Exchange Rates The chart below shows the exchange rate between the U.S. dollar and the Mexican...

    Exchange Rates The chart below shows the exchange rate between the U.S. dollar and the Mexican peso in 2015 and 2016. In these questions we’ll focus on changes in 2015.  Note that the chart shows the exchange rate in terms of pesos per dollar.   Suppose a meal at a restaurant in Mexico City cost 90 pesos in 2015.  Read approximate figures from the chart for the exchange rate in January 2015 and January 2016, and use those figures to answer the following...

  • 38-Assume the price of good Y with its quantity measured on the measured on the horizontal...

    38-Assume the price of good Y with its quantity measured on the measured on the horizontal axis is $5. If the consumer's budget is $100, then the absolute value of the slope of the budget line is: vertical axis is $20 and the price of good X with its quantity a. 100. b. 20. 39-If the exchange rate between the yen and the dollar changes from 100 yen $1 to 110 yen $1, then: a. the dollar has depreciated in...

  • 6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B)...

    6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B) positive when the nation runs a trade surplus. (C) negative when the country is a borrower in the international apital market. (D) positive when the country is a lender in the international capital market. (E) always equal to zero. 7. If the U.S. dollar increases in value relative to the British pound, (A) U.S. wheat will become cheaper in England. (3) British bicycles will...

  • no need to answar this Part 1 One-choice questions (4' for each ques 1. Please choose...

    no need to answar this Part 1 One-choice questions (4' for each ques 1. Please choose the quotation which is direct ou A in Germany USD1 = FUR1.4567 C in US USD 1 AUD 1.1625 hich is direct quotation Bin UK GBPUSDI 6752 D in France EUR USD 1.1752 expect to receive 50 pounds sterling at the end of 60 days. You can remove 2. Assume you are an American exporter and exp the risk of loss due to a...

  • Correct me if I am wrong but I believe: 1. T 2. D 3. Sweden?? (or Ireland???) 4. C?? True or False _ 1. From a U.S. buy...

    Correct me if I am wrong but I believe: 1. T 2. D 3. Sweden?? (or Ireland???) 4. C?? True or False _ 1. From a U.S. buyer's and seller's perspective, appreciation of the foreign currency will generate foreign exchange gains on receivables created from its export sale of goods to foreign buyers and foreign exchange losses on payables created from its import purchase of goods from foreign sellers. Multiple Choice 2. U.S. based General Motors has a Japanese yen...

  • 1. Why do you think that the Chinese historically pegged the value of the yuan to...

    1. Why do you think that the Chinese historically pegged the value of the yuan to the U.S. dollar? 2. Why did the Chinese move to a managed-float system in 2005? 3. What are the benefits that China might gain by allowing the yuan to float freely against other major currencies such as the U.S. dollar and the euro? What are the risks? What do you think they should do? 4. Is there any evidence that the Chinese kept the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT