sample_quiz_1[1]

sample_quiz_1[1] - Version Fin 536 Sample Quiz 1...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Version Fin 536 Sample Quiz 1 Name____________Section_4pm/7pm Note: You must review all potential topics for the quiz. This sample quiz does not cover all testable topics. 1. Fill out the answers. a. To purchase $240 in Mexico, you need ___________Pesos if the current spot exchange rate is Peso10.2/$. b. In 2004, the U.S. was running a deficit of $560 on the current account and a surplus of $590 on the capital and financial accounts, ignoring the statistical discrepancy, the balance on the U.S. reserve account was ___________. The amount of reserve in U.S. ___________ _ (increased/decreased) during the year. The balance of the U.S. Federal Budget was $___________ if Investment=$400 and Savings=$390. c. In 2001, Exxon Mobile purchase an oil field for $2 billion in Congo, Africa, and the deal would be recorded under the financial account as a ___________ (credit/debit) on the U.S. BoP. 2. (J-Curve Adjustment) Assume the United States has the following import/export volumes and prices. It undertakes a major "devaluation" of the dollar, say 20% on average against
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

sample_quiz_1[1] - Version Fin 536 Sample Quiz 1...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online