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- Suppose the current spot exchange rate for the Chinese yuan is USD 0.15 per CNY. If the domestic prices of traded goods rise 70% over the next 10 years in China and 20% over the same period in the United States, then, according to the relative purchasing power parity hypothesis, the spot exchange rate for the yuan in 10 years will be approximately:An Egyptian tourist is trying to decide if a watch for sale in the U.S. is a good deal and so wants to convert the price in U.S. dollars to Egyptian pounds. If the exchange rate is 12 Egyptian pounds per U.S. dollar, a watch that costs $105 US dollars costs Group of answer choices A) 1575 Egyptian pounds B) 7 Egyptian pounds C) 140 Egyptian pounds D) 2100 Egyptian poundsOn 26 May 2021 it cost $1.41 (USD) to buy one British Pound, while the 10-year British Government Bond interest rate was 0.755% and the US Government Bond 10-year interest rate was 1.56%. Six months later, on 26 November 2021 it cost $1.33 (USD) to buy one British Pound, while the 10-year British interest rate was 0.839% and the US 10-year rate was 1.51%. Is the change in the USD, British Pound exchange rate consistent with the International Fisher Effect (IFE)? Why or why not?
- Suppose the current spot exchange rate for the Chinese yuan is USD 0.15 per CNY. If the domestic prices of traded goods rise 70% over the next 10 years in China and 30% over the same period in the United States, then, according to the relative purchasing power parity hypothesis, the spot exchange rate for the yuan in 10 years will be approximately: USD 0.35 per CNY USD 0.60 per CNY USD 0.11 per CNYTransfer pricing by MNCs may be a problem for host countries as a. It disadvantages MNCs realtive to local firms. b. the cost of exchanging one currency for another is costly in monetary terms and time. c. profits may not be accurately recorded as occurring in the host country leading to lower tax revenues. d. as prices are transferred to the local currency losses may occur if exchange takes place on a day when the exchange rate is "low".Assume the exchange rate is 20 pesos for a dollar. The dollar is expected to depreciate to 15 pesos for a dollar. An investor exchanges an unspecified amount of dollars for pesos. Then, once the dollar has depreciated, the investor converts his pesos into dollars. The investor earns a profit of $7. The original amount of dollars exchanged for pesos was
- If the indirect quote for the exchange rate between the US Dollar ($) and Japanese Yen (Y) is written as 0.4/$, then what will be the direct quote written as: a) $4/Y b) $2.5/Y c) $25/Y d) $0.25/YAccel Co. produces a standard tennis racket in the Netherlands and sells it online to consumers in the United States. This racket competes with a tennis racket produced by Malibu Co. in the United States, which is of similar quality and is priced at about $140. Accel has set the price of its tennis racket at 100 euros. Assuming that the euro's exchange rate (during the sales month in question) was $1.60, then the price of Accel's racket to U.S. consumers is $_________ (enter a whole number). Because U.S. consumers could buy a Malibu racket for only $140, Accel only sold about 1,000 rackets to U.S. consumers in that month. Since then, however, the euro's value has weakened; this month, the euro's exchange rate is only $1.20. U.S. consumers can now purchase the Accel tennis racket for $_________(enter a whole number), which is less than that charged for the U.S. Malibu racket. In this month, Accel sold 5,000 rackets. The U.S. demand for this tennis racket is price-elastic (sensitive to…The nominal exchange rate: a. Is the amount of one country's goods that could be obtained with the same goods of another country b. Is a synonymous term for the swap rate c. Is the rate that one can exchange the currency of one country for the currency of another country d. Is always expressed as units of a foreign currency per U.S. dollar
- Countries A and B are identical in all respects, except that the initial net international asset position (b0) of country A is less than that of B, indicates if the statements are true false or uncertain, and explains why: a) the consumption in country A is less than the consumption in country B. B) The trade balance of country A in period 1 is greater than that of country B. c) The current account in country A in period 2 is higher than in country B. d) All of the above statements are true.Peru is growing relatively quickly and has begun to attract large inflows of foreign direct investment. While Peru relishes the benefit of the inflows, it is concerned about the potential negative effects if the foreign investors pull out their investments quickly. One particular reason for Peru to be concerned is that its banks have taken out large loans denominated in U.S. dollars and European euros from foreign banks. If the foreign direct investment is withdrawn quickly from Peru, what will be the effect on each of these items? A. Peru's money supply - B. Peru's exchange rate with other countries - C. Peru's exports - D. Peru's trade deficit - Answer Bank: No Effect, Increase or DecreaseMcKinsey & Company, a U.S. consulting firm, collected $5 million USD consulting fees from European clients. On the US balance of payment statement, this cross-border transaction will A. increase the current account balance. B. Increase the financial account balance. C. decrease the capital account balance. D. have no impact.
