True or false

6. One problem with a system of flexible exchange rates is that black markets in foreign currencies are more likely to develop than with con- trolled rates of exchange. 7. When a country's balance of trade registers a deficit, both its current and capital accounts will also be in deficit. 8. If foreigners suddenly began investing more in the United States, caus- ing the capital account to run a larger surplus, the current account deficit would rise. .0 9. . If imports consistently exceeded exports, U.S. consumers would be hurt as a result of an unfavorable balance of trade implied by such a situa- tion. 10. If the current exchange rate is one dollar equals three Mexican pesos, the cost of purchasing a 60 peso product in dollars is $20