Indicate how the following transaction is entered into the U.S. balance of payments with double-entry bookkeeping: (a)
Question:
(a) A U.S. commercial bank exchanges $800 worth of pounds sterling for dollars at the Federal Reserve Bank of New York.
(b) What effect does this transaction have on the official settlements balance of the United States?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a The US credits its financial account by 800 ...View the full answer
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.
4.50+
5+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
The Trading Desk at the Federal Reserve Bank of New York elects to sell $100 million in U.S. government securities to its list of primary dealers. If other factors are held constant, what is likely...
-
Indicate how the following compounds could be synthesized from cyclohexanone and any other necessary reagents: a. b. c. d. e. f. CH2CH CH CH3 0 CCH-CH,CH, (two ways) CH2CH2 COCH,CH
-
What is stretching accounts payable? What effect does this action have on the cost of giving up a cash discount?
-
(a) A circular diaphragm 60 cm in diameter oscillates at a frequency of 25 kHz as an underwater source of sound used for submarine detection. Far from the source, the sound intensity is distributed...
-
Use the information in Figure 32.1A and 32.1C to answer the following questions: a. What is the six-month forward rate for the Japanese yen, in yen per Canadian dollar? Is the yen selling at a...
-
In your own words, explain why the axioms that underlie expected utility are important to decision analysis.
-
What is dividend?
-
True Cost Manufacturing, Inc., manufactures and sells large business equipment for the office and business markets. The primary function of Manufacturing is to provide components and subassemblies...
-
An aluminum wheel rubs against an aluminum plate in such a manner that there is a 51.0 N force of kinetic friction between them, and the relative speed at which the two surfaces slide over each other...
-
The Case Study - "Lemonade: Delighting Insurance Customers with AI and Behavioral Economics". 1. How do you explain the phenomenal growth experienced by Lemonade? 2. Does Lemonade create a unique...
-
Indicate how the following transaction is entered into the U.S. balance of payments with double-entry bookkeeping: At maturity (during the same year), the foreign investor of Problem 6 receives $440...
-
(a) From Table 13.3, calculate the official settlements balance of the United States for each year from 1965 to 2011. (b) Why is this appropriate measure for the U.S. balance-of-payments position...
-
Write the source file for the circuit of Fig. 15-24 and find I in R 4 . 1 27 R 47 R 200 v(t) v, R3 4 3 20 A (4) 1, Fig. 15-24 R 23
-
You currently have $85,000 invested in a portfolio that has an expected return of 12% and a volatility of 8%. Suppose the risk-free rate is 6%, and there is another portfolio that has an expected...
-
Label each of the following statements true, false, or uncertain. Explain briefly. a. The original Phillips curve is the negative relation between unemployment and inflation that was first observed...
-
Label each of the following statements true, false, or uncertain. Explain briefly. a. The \(I S\) curve shifts up with an increase in G, up with an increase in \(T\), and up with an increase in...
-
You would like to estimate the weighted average cost of capital for a new airline business. Based on its industry asset beta, you have already estimated an unlevered cost of capital for the firm of...
-
Label each of the following statements true, false, or uncertain. Explain briefly. a. Writing the production function in terms of capital and effective labor implies that as the level of technology...
-
Find parametric equations for the lines. The line through the origin parallel to the vector 2j + k
-
Provide a few individual examples who revealed what aspects of emotional intelligence?
-
We have focused on the case of trade involving only two countries. Suppose that there are many countries capable of producing two goods, and that each country has only one factor of production,...
-
In 1986, the price of oil on world markets dropped sharply. Since the United States is an oil-importing country, this was widely regarded as good for the U.S. economy. Yet in Texas and Louisiana,...
-
An economy can produce good 1 using labor and capital and good 2 using labor and land. The total supply of labor is 100 units. Given the supply of capital, the outputs of the two goods depend on...
-
Create a C++ program that concatenates 'n' number of strings input by the user, while adhering to the following specifications. Note that the strcat() function cannot be used. 1. The program asks the...
-
What role do ethnomethodological approaches play in uncovering the underlying norms and assumptions that govern everyday social interactions, and how do these insights inform our understanding of...
-
Consider f(x) = (x1 + x). Given the iterate xk = [H] and the search direction dk = show that " dk is a descent direction and find the minimizer of min f(xk+adk). a0
Study smarter with the SolutionInn App