'l . Exchange Rate | During the late 19903 (believe it or not), the U.S. government budget turned from deficit to surplus. Meanwhile, the U.S. current account deficit continued to grow. What does that tell you about private investment and/or private savings in the United States in that period? (Tips: use the National Accounting and Current Account Balance formula)(15 points) For each of the following events, determine how you would expect them to affect the exchange value of the indicated currency. Use a conventional exchange market analysis with downward sloping excess demand for foreign currency (15 points). a. The British pound: The Bank of England intends to raise its interest rate significantly to stabilize British economy b. The Vietnam Dong: Relocation of manufacturing from China to Vietnam raises wages there