Question
What is the pre-devaluation trade balance? The revenues from exports are $2170.82170.8. (Round to the nearest cent.) The expenditures on imports in foreign currency are
What is the pre-devaluation trade balance?
The revenues from exports are
$2170.82170.8.
(Round to the nearest cent.)
The expenditures on imports in foreign currency are
fc16521652.
(Round to two decimal places.)
The expenditures on imports in U.S. dollars are
$3089.243089.24.
(Round to the nearest cent.)
Calculate the pre-devaluation trade balance below: (Round U.S. dollar values to the nearest cent and round foreign currency to two decimal places.)
| Pre-devaluation trade balance | ||
| Revenues from exports, U.S. dollars | $ | 2,170.80 |
| Expenditures on imports, foreign currency | fc | 1,652.00 |
| Expenditures on imports, U.S. dollars | $ | 3,089.24 |
| Pre-devaluation trade balance | $ | (918.44) |
Find the new spot exchange rate after devaluation ?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To find the new spot exchange rate after devaluation we need the predeva...
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
International Economics
Authors: Robert Carbaugh
18th Edition
0357518918, 978-0357518915
