Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following Balance of Payments information for the private sector (above the line). If the central bank had $100,000 of international reserves, what would

image text in transcribed
image text in transcribed
Consider the following Balance of Payments information for the private sector ("above the line"). If the central bank had $100,000 of international reserves, what would be their new international reserves after they balance the BOP? Private Sector Total Export a car S 43,000 Import a machine S 65,000 Net Exports $ (22,000) Sell a domestic apartment to foreigners S 39,000 Buy a foreign stock from foreigners S 5,000 Total Private Capital Flows 34,000 Total "above the line" Private Sector 82,000 $ 70,000 $ 12,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing

Authors: John McMurry, Robert Fay

13th Edition

125973806X, 9781259738067

More Books

Students also viewed these Economics questions

Question

What is a residual plot?

Answered: 1 week ago

Question

The quality of the proposed ideas

Answered: 1 week ago

Question

The number of new ideas that emerge

Answered: 1 week ago