Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the pre-devaluation trade balance? The revenues from exports are $2170.82170.8. (Round to the nearest cent.) The expenditures on imports in foreign currency are

What is the pre-devaluation trade balance?

The revenues from exports are

$2170.82170.8.

(Round to the nearest cent.)

The expenditures on imports in foreign currency are

fc16521652.

(Round to two decimal places.)

The expenditures on imports in U.S. dollars are

$3089.243089.24.

(Round to the nearest cent.)

Calculate the pre-devaluation trade balance below:  (Round U.S. dollar values to the nearest cent and round foreign currency to two decimal places.)

Pre-devaluation trade balance

Revenues from exports, U.S. dollars$2,170.80
Expenditures on imports, foreign currencyfc1,652.00
Expenditures on imports, U.S. dollars$3,089.24
Pre-devaluation trade balance$(918.44)


Find the new spot exchange rate after devaluation ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To find the new spot exchange rate after devaluation we need the predeva... 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

Step: 3

blur-text-image

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

International Economics

Authors: Robert Carbaugh

18th Edition

0357518918, 978-0357518915

More Books

Students also viewed these Banking questions

Question

Criticism and how do they deal with it?

Answered: 1 week ago