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Sample Quiz 1

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

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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) in the U.S. BoP. d. Citibank quotes ¥98.40-100.30/\$. Then the bid price of yen is ______________ and the bid price of dollar is _____________. e. The exchange rate between yen and U.S. dollar was ¥100/\$ in Jan 2009 and ¥90/\$ in August 2009, then U.S. dollar _____________ (appreciated/depreciated) against yen by %_____________ 2. (3pts)(U.S.

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