The following table shows four nominal exchange rates expressed in Canadian dollars per unit of the foreign currency for twodifferent quarters (Source: Bank of Canada). The column names are the currency codes. Answer the questions using this table.i. MYR:ii. NOK:Year2000iii. PEN:2010iv. TWD:O AppreciatedQuarter44O Appreciated O Depreciated O Remained unchangedAppreciatedOIndicate whether each currency has appreciated, depreciated, or neither, against the Canadian dollar between the two periods.Appreciated O Depreciated ORemained unchangedMYRDepreciated0.40150.3251DepreciatedNOKO0.16460.1709Remained unchangedPENRemained unchanged0.43390.3612TWD0.04710.0334

Exchange rate implies the value of one currency expressed in terms of another currency. In other…

The following table shows four nominal exchange rates expressed in Canadian dollars per unit of the foreign currency for two different quarters (Source: Bank of Canada). The column names are the currency codes. Answer the questions using this table. i. MYR: ii. NOK: Year 2000 Appreciated iii. PEN: 2010 iv. TWD: Quarter 4 4 MYR 0.4015 0.3251 Appreciated O Depreciated NOK 0.1646 0.1709 Indicate whether each currency has appreciated, depreciated, or neither, against the Canadian dollar between the two periods. Appreciated O Depreciated O Remained unchanged Depreciated O Remained unchanged O Remained unchanged PEN O Appreciated O Depreciated O Remained unchanged 0.4339 0.3612 TWD 0.0471 0.0334

The following table shows four nominal exchange rates expressed in Canadian dollars per unit of the foreign currency for two different quarters (Source: Bank of Canada). The column names are the currency codes. Answer the questions using this table. i. MYR: ii. NOK: Year 2000 Appreciated iii. PEN: 2010 iv. TWD: Quarter 4 4 MYR 0.4015 0.3251 Appreciated O Depreciated NOK 0.1646 0.1709 Indicate whether each currency has appreciated, depreciated, or neither, against the Canadian dollar between the two periods. Appreciated O Depreciated O Remained unchanged Depreciated O Remained unchanged O Remained unchanged PEN O Appreciated O Depreciated O Remained unchanged 0.4339 0.3612 TWD 0.0471 0.0334

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 9PA

See similar textbooks

Similar questions

Based on the Balance of Payments account presented in this table, the net exports are: a. 2300 b. -2600 c. -300 d. -200
E1 The higher the value of e, the ______________(More or less) units of foreign currency a dollar buys. When a nominal exchange rate goes up, we say the domestic currency is _________(appreciating or depreciating) against the foreign currency. When a nominal exchange rate goes down, we say that the domestic currency is _________(depreciating or appreciating) against the foreign currency.
Nov. 2015 exchange rate (per U.S. dollar) 0.7466 100.2 Nov. 2016 exchange rate (per U.S. dollar) 0.8009 114.61 Currency Euro Japanese yen Canadian dollar 1.0436 L1331 The table above shows the exchange rates between various currencies and the U.S. dolar. Between 2015 and 2016, the U.S. dollar against the Japanese yen. O depreciated; depreciated • appreciated; appreciated against the Euro and O appreciated; depreciated O depreciated; appreciated
B C D E F G H J K L M e US dollar to Euro exchage rate is 0.886, The US dollar to Austailian dollar exchange rate is 0.5352 and canadian dollar to US dollar exchange rate is 1.5815 lculate: The Euro to US dollar, the Australian dollar to US dollar and the US dollar to canadian dollar exchange rates. xchange rates beginning ending minimum median 0.886 maximun mean dollar to foreign currency
The following table shows the nominal and real exchange rates for two countries and two years (OECD, 2020a,b). The column names are the country codes (not the currency codes) and the exchange rates are expressed as the amount of the currency per unit of US dollar. Year 1979 1984 i. DNK: O Increased ii. ISL: DNK O Increased 5.2610 10.3566 Decreased Remained unchanged Decreased Nominal a. Indicate whether the cost of goods in each country has increased, decreased, or remained unchanged, relative to the cost of goods in the United states between 1979 and 1984. Remained unchanged ISL 3.5260 31.6937 DNK 0.6621 1.1781 Real ISL 0.8612 1.3433
The accompanying table provides nominal exchange rates for the U.S. dollar. Country Foreign currency/dollar Canada (Canadian dollar) 1.256 Mexico (peso) 20.19 Dollar/foreign currency O a. 25.359; 0.039 Ob. 16.075, 0.062 O c. 0.062; 16.075 O d. 0.039; 25.359 0.796 0.050 Based on these data, the nominal exchange rate equals approximately dollar or, equivalently, Canadian dollars per peso. pesos per Canadian
Q.1.11 What is a foreign exchange rate? (a) The rate at which the currency of one country trades for the goods ofanother country.(b) The rate at which one country’s goods trade for those of anothercountry.(c) The rate at which currencies of different countries are exchanged.(d) The rate at which one country’s currency trades for gold provided byanother country.Q.1.12 As a result of more Americans visiting South Africa, we can expect, ceteris paribus:(a) an appreciation of the rand relative to the dollar.(b) a depreciation of the rand relative to the dollar.(c) an appreciation of the dollar relative to the rand.(d) that it will cost South Africans more to visit the United States.Q.1.13 What is a tariff? (a) A form of subsidy.(b) A tax on imported goods.(c) A tax on foreign property.(d) A form of quota.
6) The value of 100 South Korean Won (KRW) against the Japanese Yen (JPY) rose from9.7730 in May 2014 to 11.1710 on May 1, 2015. What was the percentage change inits value?
Round the answer to the nearest decimal point (olg u jüLc alolo yo ylgzI y Hi Bashar lyad Fuad Dahabreh, when you submit this form, the owner will be able to see your name and email address. Expenditure. If G = 1100, T = 900, S = 50, and I = 90. The 1. Suppose that in our economy Income = value of Net export equal: -70 - 110 O - 240 - 250 2 Given he following information:
Exchange Rates Table YEAR 2014 2015 2016 US $ $1 $1 $1 British Pound .85 .7 .6 Based on the Exchange rates above, Which of the following is true? O The dollar is growing stronger against the pound The dollar is more expensive in pounds and is appreciating O More pounds are needed to buy a dollar, so the dollar is appreciating O The dollar is less expensive in pounds and is depreciating
A case study in the chapter analyzed purchasingpower parity for several countries using the pricc ofBig Macs. Here arc data for a few more countries: a. For each country, compute the predicted exchangerate of the local currency per U.S. dollar. (Recallthat the U.S. price o( a Big Mac was $4.93.)b. According to purchasing-power parity, what is thepredicted exchange rate between the Hungarianforint and the Canadian dollar? What is the actualexchange rate?c. How well docs the theory of purchasing-powerparity explain exchange rates?
Using the data calculate the balance on current account for this economy. The value of the current account is: $ Round your solution to the nearest whole number and be sure to include a negative sign if necessary. Current Account Value Balance Exports of Goods $500 Imports of Goods 1600 Balance of Trade - 1100 Exports of Services Imports of Services Balance of Services 350 -300 50 50 Income Received on 400 Investments Income Payments on -700 Investments Net Income on -300 Investments Net Transfers -100