Calculate for a) and b) Check mFor each of the following transactions, determine which U.S. balance of payments account is credited and which is debited and by howmuch. Assume payments for all transactions are deposited into a U.S. dollar-denominated bank account.Instructions: Enter your answer as a whole number.a. The United States imports $10 million worth of furniture from Sweden.A credit is made to the financial account v for $million.A debit is made to the current account v for $million.b. U.S. investors purchase $5 million in stock from companies located in Southeast Asian countries.A credit is made to the financial account v for $million.A debit is made to the financial account v for $million.c. The United States exports $25 million in wheat to Mexico.A credit is made to the current account v for $million.A debit is made to the financial account v for $million.d. Chinese investors purchase $2 million in U.S. government bonds.A credit is made to the financial account v for $million.A debit is made to the financial account v for $million.Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign.e. What is the net balance of each account?Current account: $millionFinancial account: $7million< Prev11 of 13Next >5:15 PMT.4/20/2021ere to search

Answer: (a). Import is recorded on the debit side of the current account because money flows out of…

Answered: Calculate for a) and b)

Business

Economics

Calculate for a) and b)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter29: International Finance

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: 7th

A: The LM curve shows the direct relationship between interest rate and output. The LM curve is upward…

Q: 3-16. A firm has recently added a new product to their offerings. Manufacturing reports that…

A: The firm added new products to their offerings. The manufacturing process is going on smoothly. The…

Q: Calculate the value of APC when the value of APS is given as 0.55

A: We know that the sum of the average propensity to save and average propensity to consume is 1 This…

Q: ONLY D, E, F and G on 2.3

A: 2.9 At the point when the price of services and goods changes, the amount demanded alters on the…

Q: DEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENT VARIABLE…

A: Given: Qc = Demand for Cement Pc = Price of Cement per yard M = Country's tax revenue per capita Pr…

Q: If TVC is $1000 and output is 20 units Calculate AVC

A: The information being given is:- Total variable cost = $1000 Output = 20 units We need to calculate…

Q: Sales (in S) for one week were collected for 18 stores in a food store chain. The data are shown…

A: Mean refers to the measure of central tendency that is calculated by adding up the values of all the…

Q: Find the least squares line and use it to estimate y for the indicated value of x 6 12 18 24 11 23…

A: Equation of a least-square line : y=B0+B1x B0=Intercept B1=Slope coefficient First, we find out…

Q: ADEXP SALES 2000 15000 2000 30000 5000 30000 3000 25000 9000 55000 8000 45000 7000 60000 Does…

A: Firstly we will understand the importance of advertising in our economy. Advertising provides us a…

Q: The 2018 statistics shows that the average life expectancy of females in Canada has risen to 83.9…

A: As given Average Life Expectancy = 83.9 years Standard Deviation = 7.4 years minimum percentage of…

Q: Calculate SP (the sum of products of deviations) for the following scores, Note: Bothmeans are…

A: The values are calculated using the following table x y x⋅y 0 4 0 1 1 1 0 5 0 4 1 4 2 1…

Q: The investment multipier is 2 of the country now find the value of MPC.

A: Given, Investement multiplier (K) = 2 Find the value of MPC.

Q: Product Quality Value for Money Ease of use 0.8 0.6 0.7 0.2 0.5 0.8 3. 0.6 0.4 0.3 0.5 4 (Proposed)…

A: The correct answer of this question is option E. 20. This is because as per the information given in…

Q: Analyse the PESTEL of 3 countries Nigeria, Mexico vs Philippines

A: PESTEL analysis: It refers to the analysis under which the firm is able to know about their…

Q: Give ans for question 6

A: a. i) If the income is $10,000, then the price of the good is increased from $8 to $10, and the…

Q: Differentiate the function f(t) = - 2t° + 5t + 4 f'(t) = |

A: The differentiation of a constant times a function is equal to constant times the deriv of the…

Q: (10+05) The following data were collected on the height (inches) and weight (pounds) of women…

A: Given: Coefficient of determination R2=0.85

Q: the Of the average AC(Q) = Q² - 30 Q + 300

A: The Average Cost is the per-unit cost of function acquired by dividing the total cost (TC) by the…

Q: Toss a coin once. Write down the sample space for showing face, number of tumbles in the air and…

A: Given: A coin is tossed.

Q: 43% of small businesses are either not tracking inventory or using manual processes, such as…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The assumption that is required to shows the efficiency of the OLS estimator, consistency and…

A: OLS estimator is a method to know unknown parameters. Assumptions- 1) Linear in coefficients and…

Q: Show that b ^β0 is an unbiased estimator of β0. (Hint: Use the fact that ^β1 isunbiased.

A: Assume a general regression function: Where, the last term in the equation is an error term.

Q: Compute the percentage changes for the following (enter your responses as integers): New Value…

A: According to the question, There are initial values given. There are new values given. We need…

Q: Discuss the FOUR (4) dimensions of the metrics in non- financial measures of performances

A: Non-financial performance measurement identifies flaws in areas of business that can jeopardise an…

Q: P, ($) QD, QS, 6 120,000 20,000 100,000 4 40,000 80,000 60,000 60,000 80,000 40,000 1 100,000 20,000…

A: In the above table, equilibrium is occurring at the price of $3 where the quantity demanded 60,000…

Q: 1,2 and

A: Economy of scale refers to factors that reduce production costs and increase the volume of output.…

Q: CINESA, a government-owned power company that normally uses natural gas for electricity generation,…

A: Utility' revenue less costs = profits. To maximise profit is the goal of the firm. First order…

Q: Convert 26.5 Ft to Inches.

A: In general, 1 foot = 12 inch

Q: True or False: The FICO score is the most-commonly used credit score. O True O False

A: In the recent days, financial institution provide loan to the borrower based on the credit scoring.

Q: A mutual fund has a rate of return for five years of 10%, 14%, 10%, and 22% . Calculate the…

A: Geometric mean: It is the average of a set of observations and is generally used for calculating…

Q: Predict the demand for December using 4-period moving average.

A: To compute 4 month average for December Use the four months before it. Average Aug, Sep, Oct and Nov…

Q: Y. C AE = C+1 MPC 100 60 100 180 60 200 260 60 300 340 60 400 420 60 500 500 60 600 580 60 700 660…

A: Aggregate expenditure is the total expenditure incurred by various sectors of the economy in the…

Q: ᴀꜱꜱᴜᴍᴇ ᴛʜᴀᴛ ᴀ ᴛᴇxᴛɪʟᴇ ᴄᴏᴍᴘᴀɴʏ ɪɴᴄᴜʀꜱ ᴀ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴄᴏꜱᴛ ᴏꜰ $12 ᴘᴇʀ ꜱʜɪʀᴛ, ᴀɴᴅ ɪᴛ ᴘʀᴏᴅᴜᴄᴇᴅ 3045 ᴜɴɪᴛꜱ…

A: Production means the goods and services are produced by converting raw materials into finished…

Q: The type of economic indicator that can best be used for business forecasting is the:

A: The periodic and irregular increases and decreases of an economy's real GDP, employment level, and…

Q: f(x,y,z)=3x²+xyz+4y³₂² Find the value of df(x,y,z)/dx when x = 1, y = 2, z = 3.

A: Ans. The partial derivative of the function is the derivative of the function w.r.t. a particular…

Q: MPL VC AFC AVC АТС MC (workers) (units) (units) FC ($) (S) TC ($) ($) (S) ($) (S) 1 400 2 900 3…

Q: Calculate the value of no of units sold when total revenue is 7400 and the price per unit is $25

A: The information given to us is:- Price per unit = $25 Total revenue of the firm = $7400 We have to…

Q: The money spent M purchasing burritos varies directly with the number of burritos purchased B. When…

A: ANSWhen 36 burritos are purchased the $153 is spent, thus for each unit of burritos, $153/36 = $4.25…

Q: What is meant by the efficiency of an estimator? Which estimator is knownas BLUE?

A: Efficiency - An efficient estimator is the "optimal" estimator of the parameter of interest. So,…

Q: A seller sells 3 diamond rings of * 15000 each. If a seller sells his 4th diamond ring, his MR…

A: The increase in financial gain that happens from the sale of 1 extra unit of output is thought of as…

Q: $1,900 D $1,000; $1,000 $1,200: $1,000 $1,000; $1,200 $1,000 $1,800 g the data given in the table…

A: WHAT IS GDP DEFLATOR? GDP Deflator is also called as GDP Price Deflator or Implicit Price Deflator.…

Q: Find R,(10, 5) and P,(10, 5) and interpret these values.

A: The above problem gives us the following data: Sleeve A: Weekly Demand = x Price Function (p) =…

Q: yield per 2 - 10 20 30 40 50 fertilizer applied per ac on shows that over the range shown

A: the production function is a condition that communicates the connection between the amounts of…

Q: a bakery charges $ 1.50 for donuts , and $ 2.25 for its scones. one day the manager found out that…

A: Price for donuts = $1.5 Price for scones = $2.25 Revenue collected = $258

Q: Find f'(x). X* + 2 f(x) = 7x - 6 f'(x) = D

A: In economics, the derivatives are used for many purposes. Mathematical methods for economics is the…

Q: (i) Difference between scanning and Skimming

A: In economics, different terms are used by the researchers when making research or analyzing any data…

Q: Find the mean absolute deviation Find the mean absolute deviation 87, 75, 85, 77, 74, 82, 90, 88,…

A: The mean absolute deviation (MAD) is given as: Here, n – Number of observations in dataset xi –…

Q: please make sure the answer is correct 100%

A: d) Considering the situation of expansionary fiscal policy when the government has increased their…

Q: hat is the v satellite must lie? range of

Concept explainers

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

Question

Calculate for a) and b)

Check m
For each of the following transactions, determine which U.S. balance of payments account is credited and which is debited and by how
much. Assume payments for all transactions are deposited into a U.S. dollar-denominated bank account.
Instructions: Enter your answer as a whole number.
a. The United States imports $10 million worth of furniture from Sweden.
A credit is made to the financial account v for $
million.
A debit is made to the current account v for $
million.
b. U.S. investors purchase $5 million in stock from companies located in Southeast Asian countries.
A credit is made to the financial account v for $
million.
A debit is made to the financial account v for $
million.
c. The United States exports $25 million in wheat to Mexico.
A credit is made to the current account v for $
million.
A debit is made to the financial account v for $
million.
d. Chinese investors purchase $2 million in U.S. government bonds.
A credit is made to the financial account v for $
million.
A debit is made to the financial account v for $
million.
Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign.
e. What is the net balance of each account?
Current account: $
million
Financial account: $
7million
< Prev
11 of 13
Next >
5:15 PM
T.
4/20/2021
ere to search

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Why would a nation dollarizeâ€”that is, adopt another countrys currency instead of having its own?
What is the difference between American and European terms for quoting currencies? Give an example. If you have traveled outside your home country, discuss how you exchanged currency while abroad. What process did you follow?
Currency Exchange Vietnamese bank rate Saigon Airport exchange bureau rate Hotel exchange bureau rate Assuming an intial cash amount for exchange to dong of: Page Rate d19,800 d19,500 d19,400 Problem 4 Vietnamese Coffee Coyote Many people were surprised when Vietnam became the second largest coffee producing country in the world in recent years, second only to Brazil. The Vietnamese dong, VND or d, is managed against the U.S. dollar but is not widely traded. If you were a traveling coffee buyer for the wholeale market (a "coyote" by industry terminology), which of the following currency rates and exchange commission fees would be in your best interest if traveling to Vietnam on a buying trip? 4 $10,000.00 > of 6 Commission 2.50% 2.00% 1.50%
Indicate whether each of the following items represents a debit or a credit of the US balance of payments: Deposit in a Chicago bank of $15,000 by a resident of South Africa. O Debit Credit
Identify each transaction by whether it belongs in the US current account or financial account: A French corporation buys a chain of hotels in the United States O Financial Account O Current Account
You own a local company. In the past year, you successfully expanded your sales market into Europe, and you now have profits and cash denominated in euros. You want to convert the euros to your home country currency to repatriate the profits and pay taxes. You are a. not required to convert the euros to the home currency to pay taxes. b. a demander of the euro in the foreign exchange market. c. a supplier of your home country's currency in the foreign exchange market. d. a demander of your home country's currency in the foreign exchange market.
_______Refers to the market for national currencies of different countries in the world?
Only typed answer If you are an American, and you agree to pay 100 Euro to another person in 6 months, who bears the currency fluctuation risk----you or the person you will pay? Why?
why, according to some economists, should canada adopt the U.S dollar as its currency?
2. When individuals and entities carry out activities that affect their home country and an overseas country these transactions affect particular accounts domestically and overseas. find from the following given situation and indicate what the effects on the both the domestic and overseas countries and their balance of payments :(a) An Australian manufacturer borrowed $800,000 from an Australian bank to build a manufacturing plant in Croatia.(b)An Australian company paid $55,000 dividends to a UK Investor.(c) An Australian company purchased a trademark paying $80,000 to the US Company. question is complete.
K Using the currency cross rate table, convert US$298.00 to Canadian dollars. Canadian U.S. Euro Japanese British Australian dollar dollar pound dollar yen 1.5928 0.0126 2.2608 0.9087 1.1604 0.0082 1.6607 0.6667 0.0085 1.4309 0.5737 197.98 80.52 0.3923 Canadian dollar U.S. dollar Euro Japanese yen British pound Australian dollar 1.3899 0.7195 0.6278 0.8618 79.37 121.95 117.65 0.4423 0.6022 0.6989 0.0051 1.1005 1.4999 US$298.00 will purchase C$. (Round to the nearest cent as needed.) 1.7431 0.0124 2.5491 www
why is that currency exchange are measured in dollars?