Q3 Balance of Payments (I) The citizens of Shortland, whose currency is the squat, conducted the following transactions in 2008/09: Item Billions of squats Exports of goods and services 40 Impo...
Q3 Balance of Payments (I)
The citizens of Shortland, whose currency is the squat, conducted the following transactions in 2008/09:
| Item | Billions of squats |
| Exports of goods and services | 40 |
| Imports of goods and services | 50 |
| Net income and transfer | x |
| Borrowing from the rest of the world | 2 |
| Lending to the rest of the world | 12 |
| Change in reserve assets | 0 |
(a) What is the value of net income and transfers (x)?
(b) Set out the balance of payments accounts for Shortland.
(c) Does Shortland have a floating exchange rate?
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Q3 Balance of Payments (I) The citizens of Shortland, whose currency is the squat, conducted the following transactions in 2008/09: Item Billions of squats Exports of goods and services 40 Impo...
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