Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 12, 2023

A us resident exchanges $100 for rmb650 from a local bank in the us, how would it account in the US Balance of Payment?

Step by Step Solution

★★★★★

3.40 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

The exchange of 100 for RMB650 by a US resident from a local bank in the US would be recorded in the ... 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

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

Recommended Textbook for

Intermediate Accounting

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

Volume 1, 6th Edition

1259103250, 978-1259103254, 978-0071339476

More Books

Students also viewed these Economics questions

Question

★★★★★

You are presented with the following transactions for Paddick Enterprises Ltd. for the month of February: Feb. 2 Purchased supplies on account, $600. 3 Purchased equipment for $10,000 by signing a...

Answered: 1 week ago

Question

★★★★★

You are presented with the following transactions for Paddick Enterprises Ltd. for the month of February: Feb. 2 Purchased supplies on account, $600. 3 Purchased equipment for $10,000 by signing a...

Answered: 1 week ago

Question

★★★★★

You are presented with the following information relating to three companies: Required: Calculate the following accounting ratios: (a) Return on capital employed (b) Capitalgearing. Profit and loss...

Answered: 1 week ago

Question

★★★★★

840N with Two cables AB and AC are acting on the pole with forces FAB = 420N and FAC parameters defining the attachment points shown in the table. We want to write the vector FAB in cartesian vector...

Answered: 1 week ago

Question

★★★★★

Perform the first-pass regressions and tabulate the summarystatistics. % Change in Factor Value % Change in Factor Value Year Year -9.84 6.46 16.12 16.51 17.82 -3.52 8.43 8.23 7.06 -15.74 2.03 10...

Answered: 1 week ago

Question

★★★★★

Define foreign key. What is this concept used for?

Answered: 1 week ago

Question

★★★★★

Determine Cov[X(t), X(t + s)] when {X(t), t 0} is a compound Poisson process?

Answered: 1 week ago

Question

★★★★★

Dunn and Welch both appeared to operate Ruidoso Downs Feed Concession. Dunn sought to obtain credit for Ruidoso Downs from Anderson Hay and Grain Company. Relying on Dunn's financial position,...

Answered: 1 week ago

Question

★★★★★

ERA determines the pre-tax WACC used for setting the maximum price that junior mining companies must pay for accessing the rail network of the major mining companies in the Pilbara region. ERA has...

Answered: 1 week ago

Question

★★★★★

Buckeye Manufacturing produces heads for engines used in the manufacture of trucks. The production line is highly complex, and it measures 900 feet in length. Two types of engine heads are produced...

Answered: 1 week ago

Question

★★★★★

It is often difficult to distinguish price discrimination form different prices for differentiated products. For example, if teachers recommend the magazines they read to students, they are helping...

Answered: 1 week ago

Question

★★★★★

You are the CEO of Apple, whose iPhones are all assembled in China. President Trump publicly and privately asked you to move some of the production back to the United States. President Biden pushed...

Answered: 1 week ago

Question

★★★★★

Does the Tucson data-mining project inappropriately violate users' privacy, or is it an acceptable tradeoff to more intelligently combat terrorism? Explain your answer. 2.Were the local police...

Answered: 1 week ago

Question

★★★★★

The following Trial Balance was taken from the books of Tom Toy at 31 December 2012. Purchases/Sales Inventory 1.1.2012 Wages Loan - R Driscoll Cash Premises ms Dr Cr $ 57,341 80,340 4,173 10,650 242...

Answered: 1 week ago

Question

★★★★★

(11) The CPF Payable account has an opening balance of $5,600, and the amount due to the CPF Board is being paid on the last day of the month.

Answered: 1 week ago

Question

★★★★★

Tom learned to ask questions in math class, but he never learned to ask questions in English or history class. The problem is that "asking questions" did not demonstrate A Generality B Technology C...

Answered: 1 week ago

Question

★★★★★

You are considering three methods for producing steam in your company's manufacturing plant. Revenues will be the same regardless of the method chosen. An oil boiler costs $300,000 and it has a...

Answered: 1 week ago

Question

★★★★★

Assume Eq. 6-14 gives the drag force on a pilot plus ejection seat just after they are ejected from a plane traveling horizontally at 1300 km/h. Assume also that the mass of the seat is equal to the...

Answered: 1 week ago

Question

★★★★★

Why is the year- end inventory cut- off so important? What are the complexities inherent in ensuring that the year- end inventory cut- off is correct?

Answered: 1 week ago

Question

★★★★★

Zhang Zinc Mines Ltd. decided on 1 April 20X8 to dispose of one of its mining properties in northern Ontario. The property consists of mineral rights (an intangible asset) and the on- site mining...

Answered: 1 week ago

Question

★★★★★

Give an example of how the reporting objectives of a public company may differ from those of a private corporation.

Answered: 1 week ago

Question

★★★★★

For any events A and B with , show tha .

Answered: 1 week ago

Question

★★★★★

Return to the credit card scenario of Exercise 12 (Section 2.2), where , , , , and . Calculate and interpret each of the following probabilities (a Venn diagram might help). a. b. c. d. e. Given that...

Answered: 1 week ago

Question

★★★★★

The accompanying table gives information on the type of coffee selected by someone purchasing a single cup at a particular airport kiosk. Blood Group O A B AB 1 .082 .106 .008 .004 Ethnic Group 2...

Answered: 1 week ago

Previous Question Next Question