Q 8 and Q9 also relate to Q4 to Q7 but now l give you some extra information. Suppose one year after devaluation, the spot exchange rate remains $/fc2.0 (this means USD 2.0=0 one fc ), but the quantities of exports and imports change to the following Q 8: What is the (absolute value of the) trade balance in USD a year after devaluation? Give the answer in a whole number of USD. Suppose the U.S. aeroplane maker Boeing sells $250 million of aircraft to JAL (Japanese Airlines). JAL pays Boeing by transferring dollars from its dollar-denominated bank account at Citibank in New York to Boeing's bank account. What are the credit and debit items on the U.S. balance of payments? This is a $250 million credit on the US current account and a $250 million crecit on the Us financial accoumt. This is a $250 million credit on the US current account and a $250 million debit on the US financial aocount. This is a $250 million credit on the US current account and a $250 million credit on the US caplal account: This is a $250 million credit on the US current account and a $250 million debit on the US capital account. This is a $250 million debit on the US current account and a 5250 million credit on the US financial account This is a $250 million debit on the US current account and a $250 milion debit on the Us financlat account. Only Oliver the Finance Pug is clever enough to answer this question - so he deserves the 5250miliont Mitsubishi UFJ Financial Group purchases $250 million of 30 -year U.S. Treasury bonds for one of its Japanese clients. Mitsubishi draws down its dollar account with Bank of America to pay for the bonds. What are the credit and debit items on the U.S. balance of payments? This is a $250 million credit on the US current account and a $250 million credit on the US financial account. This is a $250 million credit on the US current account and a 5250 million debit on the US financial account. This is a $250 milition credit on the US current account and a $250 mition credit on the US captail account. This is a $250 million credit on the US current account and a $250 million debit on the US captal account. This is a $250 million debt on the US current account and a $250 million credit on the US nnancial account. This is a $250 million debit on the US current account and a $250 minion debit on the US financial account. Oliver the Finance Pug says the answer is none of the above. The CFA franc is a currency used by 14 countries in Africa (mostly former French colonies) The CFA franc was pegged to the French franc (the currency that France used before the Euro) from the 1940's onwards On 12th January 1994 , the CFA franc was devalued. The rate went from CFA Franc 1.00= French Franc 0.02 at the beginning of January 1994 to CFA Franc 1.00= French Franc 0.01, after the devaluation One of the countries which uses the CFA franc is Senegal. Pick the choice below that most accurately reflected what happened immediately after the CFA franc was devalued Senegar's exponts became more compettive and so senegat exponed more goods to France Senepars intlatian rate mcreased Senegal's exports became less competilive and so senegal exported tewer gocos to firance senegars innation mete moreased I wonder it olver the Finance Pog has ever been to sentegal
