At the end of 2021 , the Federal Reserve took an inventory of its foreign currency reserves. Since the previous year, the following had changeCurrencyYen(+1-) Change (millions)-26.17-22.80YuanUS Dollars47.5792.04RupeesRiyalsPesos85.6138.33Shekels|-30.87How much did NCO change during this time period? Round to two (2) decimal places

NCO or Net Capital Outflows is defined as the purchase of the assets of a foreign country by the…

Answered: At the end of 2021, the Federal Reserve…

At the end of 2021, the Federal Reserve took an inventory of its foreign currency reserves. Since the previous year, the following had chang

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 29P: The prime interest rate is the rate that banks charge their best customers. Based on the nominal...

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Concept explainers

IS-LM-PC Analysis

The IS (Investment Saving), LM (Liquidity Preference- Money Supply), and PC (Philips Curve) is the model that looks at the dynamics of output and inflation. It takes into account the central bank policy decision to adjust the inflation and real interest rate in the economy. It enables the economist to weather to priorities between employment and inflation rate analyzing the model. It is a practice-driven approach adopted by economists worldwide.

IS-LM Analysis

The term IS stands for Investment, Savings, and LM stands for Liquidity Preference, Money Supply. Therefore, the term IS-LM model is known as Investment Savings – Liquidity preference money Supply. This model was introduced by a Keynesian macroeconomic theory which shows the relationship between the economic goods market and loanable funds market or money market. In other words, it shows how the market for real goods interacts with the financial markets to strike a balance between the interest rate and total output in the macroeconomy. This particular model is designed in the form of a graphical representation of the Keynesian economic theory principle. The output and money are the two important factors in an economy.

Question

At the end of 2021 , the Federal Reserve took an inventory of its foreign currency reserves. Since the previous year, the following had change
Currency
Yen
(+1-) Change (millions)
-26.17
-22.80
Yuan
US Dollars
47.57
92.04
Rupees
Riyals
Pesos
85.61
38.33
Shekels
|-30.87
How much did NCO change during this time period? Round to two (2) decimal places

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