Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 21 5 pts A small money exchange in the city center in Singapore has a bid/ask for US dollar of 1.2345 - 60. The
Question 21 5 pts A small money exchange in the city center in Singapore has a bid/ask for US dollar of 1.2345 - 60. The local bank has a bid/ask spread of 1.2351 - 54. What is the maximum spread the money exchange can make? O(A)0.0009 O (B) 0.0015 (C) 0.0003 (D) 0.0006 Question 22 5 pts The current account balance in the US last year was 520 billion in deficit. The official reserve account balance has 95 billion surplus. What is the balance for the capital account? O(A) $615 billion deficit O (B) $520 billion deficit (C) $425 billion deficit (D) $425 billion surplus O(E) $615 billion surplus
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started