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What are the four determinants of the demand of the Canadian dollar?
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- The U.S. dollar is still considered the most traded and the most stable currency in the world. It is easily converted over to other currencies when trading and is also the official currency of several U.S. territories. However, a strong U.S. dollar has both advantages and disadvantages. One of the advantages that was already mentioned is that the conversion of the U.S. dollar over to other countries is fairly easy and grants it a greater degree of buying power for foreign products. This also makes foreign imports cheaper not to mention investors benefit when engaging in FDI. The disadvantages of a strong U.S. dollar is that it makes it more expensive for foreign countries to import products from the U.S., which negatively affects industries and business owners within that country as a result. It can even negatively affect the U.S. because those that conduct business internationally will technically earn less from foreign sales if their currency is not fully convertible. Overall, even…The U.S. dollar is still considered the most traded and the most stable currency in the world. It is easily converted over to other currencies when trading and is also the official currency of several U.S. territories. However, a strong U.S. dollar has both advantages and disadvantages. One of the advantages that was already mentioned is that the conversion of the U.S. dollar over to other countries is fairly easy and grants it a greater degree of buying power for foreign products. This also makes foreign imports cheaper not to mention investors benefit when engaging in FDI. The disadvantages of a strong U.S. dollar is that it makes it more expensive for foreign countries to import products from the U.S., which negatively affects industries and business owners within that country as a result. It can even negatively affect the U.S. because those that conduct business internationally will technically earn less from foreign sales if their currency is not fully convertible. Overall, even…The U.S. economy is faltering, so the value of its associated currency, the dollar, is likely to
- After suffering two years of staggering hyperinflation, the African nation of Zimbabwe officially abandoned its currency, the Zimbabwean dollar, in April 2009 and made the U.S. dollar its official currency. Why would anyone in Zimbabwe be willing to accept U.S. dollars in exchange for goods and services?The British pound (GBP) falls in value relative to the dollar. Consider a U.S. bank with a European trading subsidiary in London (which earns profit in pounds). This devaluation...benefits/harm the U.S. bank, since each pound it earns in profits through its European subsidiary is now worth ....more/less dollars.If the Japanese Yen appreciates relative to the U.S dollar, how will this impact U.S imports, exports, net exports, aggregate demand, the price level and the level of real GDP in the U.S? Will depreciation in the value of the US dollar relative to the Japanese Yen have any impact on SRAS? Explain your answer carefully.
- With aid of a diagram, explain the impact of the devaluation of the Dominican Republic dollar on the price of imported raw material on aggregate Supply and Gross Domestic Product (GDP) in the economyThe cash rate in Australia is a benchmark interest rate which is set by the Board of the Reserve Bank of Australia and has recently been at a record low. (a) State the cash rate announced at the September, 2021, meeting of the Board of the Reserve Bank of Australia. (b) If the cash rate were to increase, would you expect the Australian dollar to increase or decrease against most other currencies? Explain your answer. (c) If the cash rate were to decrease, would you expect the Australian dollar to increase or decrease against most other currencies? Explain your answer. (d) Explain why the cash rate is not expected to increase until 2024 at the earliest?The ECU as a basket of currencies. What is the percentage/weight of the ECU's total value accounted by the Spanish peseta? Refer to Exhibit 3.4 in the text. Would you get a different result if you valued the ECU in Japanese yen instead of the U.S. dollar? Would you expect this weight to change if the ECU depreciates by 10 percent against the U.S. dollar?
- In the past 10 years, Asia-based investors have made large investments in Canadian real estate markets. Many commentators believe that this investment has the aim of moving wealth from risky home markets into the safer Canadian market. Use the supply and demand model of exchange rates to predict the impact of this investment on the value of the Canadian dollar.What is the impact of the fall in Canadian interest rates? a. an appreciation of the dollar and smaller net exports b. a depreciation of the dollar and greater net exports c. an appreciation of the dollar and greater net exports d. a depreciation of the dollar and smaller net exportsThe ECU as a basket of currencies. What is the percentage/weight of the ECU's total value accounted by the Spanish peseta? Refer to Exhibit 3.4 in the text. Would you get a different result if you valued the ECU in Japanese yen instead of the U.S. dollar? Would you expect this weight to change if the ECU depreciates by 10 percent against the U.S. dollar? For reference (image included)