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  1. McConnell text, p. 444 #4
  2. COI 1 ONLINE “Questions” p. 20 #1
  3. COI 1 ONLINE “Questions” p. 20 #2
  4. COI 1 ONLINE “Questions” p. 20 #5
  5. COI 1 ONLINE “Questions” p. 20 #6
  6. COI 1 ONLINE “Questions” p. 20 #10
  7. COI 1 ONLINE “Questions” p. 20 #11
  8. COI 1 ONLINE “Questions” p. 20 #12
  9. COI 2 ONLINE Briefly describe the characteristics of the Bretton Woods system. Explain how it was different from the gold standard. Why did it end? What replaced it as an international exchange rate system?

QUESTIONS 10-12:

What is the price of 1 U.S. dollar in terms of each of the following currencies, given the following exchange rates? Give your answer with TWO significant (non-zero) digits to the right of the decimal. This means that if you compute a value of 2.000079111, your ANSWER would be 2.000079 or if you compute a value of 2.7832733, your ANSWER would be 2.78:

  1. 1 Ecuadorian Sucre = $0.22
  2. 1 Thai Bhat = $0.55
  3. 1 Euro = $1.30

QUESTIONS 13-15:

What is the U.S. dollar value of each of the following currencies, given the following exchange rates? Give your answer with a maximum of TWO significant (non-zero) digits to the right of the decimal. This means that if you compute a value of 2.000079111, your ANSWER would be 2.000079 or if you compute a value of 2.7832733, your ANSWER would be 2.78:

  1. $1 = 80 Japanese Yen
  2. $1 = 36 Swedish Krona
  3. $1 = 45 Indian Rupees

QUESTIONS 16-21: Using the exchange rates in questions 10-15, give the value in the foreign currency of a $400 sweater made in America. Give your answer with a maximum of TWO significant (non-zero) digits to the right of the decimal. This means that if you compute a value of 2.000079111, your ANSWER would be 2.000079

QUESTIONS 22-27: Given the following data:

 

U.S. goods exports +68
U.S. goods imports -84
U.S. service exports +33
U.S. service imports -47
Net investment income +25
Net transfers -12
Foreign purchase of assets in the U.S. +79
U.S. purchases of assets abroad -64

  1. Calculate the Balance on goods.
  2. Calculate the Balance on goods and services.
  3. Calculate the Balance on Current Account.
  4. Calculate the Balance on Capital Account.
  5. Calculate the Balance on capital and financial account.
  6. Calculate the Balance of payments.

     

     

    THIS IS THE LINK TO THE COI QUESTIONS 1

    http://highered.mcgraw-hill.com/sites/dl/free/0077337727/883829/mcc11447_coi1_001_021.pdf

     

    This is the link to coi questions 2

    http://highered.mcgraw-hill.com/sites/dl/free/0077337727/883829/mcc11447_coi2_001_004.pdf

 

 

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