Deposits in European banks denominated in dollars for the purpose of international transactions are known as: A. European monetary units B. European currency units C. Eurodollars D. international monetary units
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Deposits in European banks denominated in dollars for the purpose of international transactions are known as:
A. European monetary units
B. European currency units
C. Eurodollars
D. international monetary units
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- The principal reason(s) that so much U.S. currency is held outside the U.S is (are). banks all around the world find it convenient to hold large amounts of U.S. dollars U.S. citizens and corporations spend a lot of dollars abroad many people around the world trust the U.S. dollar more than any other currency all of the above none of the aboveThe Chinese yuan/RMB is not a widely used currency for trade or investment purposes. Why is this? What will the Chinese government need to do to make the RMB more widely used? Why does it not take these actions?Some countries, many being developing countries, peg their currency to the US dollar. What effect does a rapid appreciation or devaluation of the dollar have on those countries? If you were an exporter from an emerging country to the United States would you prefer a strong or weak dollar?
- Identify whether each of the following is a debit or a credit in Mexico’s BOP and indicate where the item would be classified.( Specifically indicate the account and the item as credit or debit) a) Mexican firms export $100 million worth of goods. b) Mexican citizens purchase $30 million on travelling overseas. c) A Mexican firm purchases a shoe factory in Bolivia for $20 million. d) Mexico receives $10 million in foreign aid from the United States. e) Mexican citizens deposit $5 million in Citibank account in New York. f) Mexico imports $110 million worth of goods. g) Mexican firms borrow $45 million by issuing bonds in the United States. h) S. firms earn (and repatriate) $5 million in profits from operations in Mexico. h) The Mexican Central bank buys $15 million in U.S. Treasury bills. Suppose that these are all of the entries in Mexico’s BOP table. State if Mexico is net lender or borrower vis- a -vis the rest of the world? Calculate the value of errors and omissions.…The three types of accounts related to balance of payments are:A. reserves, domestic, and international monetary funds accounts B. current, capital, and reserves accountsC. imports, exports, and balances accountsD.At the end of 2021, the Federal Reserve took an inventory of its foreign currency reserves. Since the previous year, the following had changed: How much did NCO change during this time period? Round to two (2) decimal places Currency (+/-) Change (millions) Yen 44.08 Yuan -9.78 US Dollars -45.15 Rupees 62.63 Riyals 66.59 Pesos 91.19 Shekels -92.54
- Which of the following is a key benefit of adopting the euro? Select one: a. It makes imports of commodities like crude oil cheaper. b. It reduces competition in continental Europe. c. It insulates Europe from international competition. d. It lowers foreign exchange and hedging costs in Europe.Describe some buyers and some sellers in the market for U.S. dollars.Foreign exchange markets serve an important function in society and the global economy. They allow for currency conversions, facilitating global trade (across borders), which can include investments, the exchange of goods and services, and financial transactions. Use examples to explain the three main reasons for holding foreign currency.
- explain comprehensively what are the benefits faced in using LCS (Local Currency Settlement) ? and what is the role of the LCS in the monetary stability of a country?What would make a country decide to change from a common currency, like the euro, back to its own currency?How much of their local currency would someone from UK (local currency is Pound) need to buy an iPad that is being sold for #=$500 in the US?