Answered: A Chicago politician deposits $200,000…

A Chicago politician deposits $200,000 in a savings account in a Brazilian bank. As a result, the US financial account decreases and the Brazilian Real appreciates. False. True.

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Open-Economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 3QCMC

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A Chicago politician deposits $200,000 in a savings account in a Brazilian bank. As a result, the US
financial account decreases and the Brazilian Real appreciates.
False.
True.

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