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Unformatted text preview: What happens to US and Japanese net exports and current account balances as a result of this transaction under the following scenarios about how Mr. Gates uses this money? Mr. Gates a. stuffs the 5000 yen in his mattress. b. buys stocks of a Japanese company c. buys Japanese government bonds d. exchanges for US dollars at a local bank e. buys a Sony Walkman (a Japanese product) for 5000 Yen...
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This note was uploaded on 02/04/2011 for the course ECON 320L taught by Professor Kuruscu during the Fall '08 term at University of Texas at Austin.
- Fall '08