{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Sample Quiz 1 Solution

# Sample Quiz 1 Solution - Version Fin 536 Sample Quiz 1...

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

Version Fin 536 Sample Quiz 1 Solutions 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 __2448_ ___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 \$__-30_ _. The amount of reserve in U.S. __ increased _ (increased/decreased) during the year. The balance of the U.S. Federal Budget was \$_-550___ 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 ____debit__ _ (credit/debit) in the U.S. BoP. d. Citibank quotes ¥98.40-100.30/\$. Then the bid price of yen is _\$0.00997/¥_or ¥100.30/\$___ _____ and the bid price of dollar is _____¥98.40/\$_ ________. e. The exchange rate between yen and U.S. dollar was ¥100/\$ in Jan 2009 and ¥90/\$ in August 2009, then U.S. dollar

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

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}