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1) Assume USD appreciates against other currencies. Explain how USD appreciation would effect the current account balance of USA? Explain in 5 sentences at most.

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1) Assume USD appreciates against other currencies. Explain how USD appreciation would effect the current account balance of USA? Explain in 5 sentences at most. 2) You have 2 job offers from Frankfurt at 105,000 per year and from London at GBP90,000 per year. At spot rate, EUR$=1.12 GBP$=1.25 Which job should you take if you were to choose based on higher salary. Why? (5 points)

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