At the end of 2021, the Federal Reserve took an inventory of its foreign currency reserves. Since the previous year, the following had changed: How much did NCO change during this time period? Round to two (2) decimal places Currency (+/-) Change (millions) Yen 44.08 Yuan -9.78 US Dollars -45.15 Rupees 62.63 Riyals 66.59 Pesos 91.19 Shekels -92.54

Assume the Zambia Kwacha is worth 1.15 South Africa rands, and the Nigerian Naira is worth 0.60 South Africa rands. What is the value of the Zambian Kwacha in Nigerian Naira?

Suppose we consider two countries, a home country and a foreign country. In the home country, the expected inflation rate is equal to 3.6 per cent, while the expected inflation rate abroad is equal to 4.2 per cent. Furthermore, it is known that the nominal interest rate in the home country is equal to 3.4 per cent, while the nominal interest rate abroad is equal to 4 per cent.a) First explain what is meant by absolute purchasing power parity, relative purchasing power parity and uncovered nominal interest rate parity. Then give an estimate of the expected growth in the nominal exchange rate based on each of the three theories. Finally, show that if both relative purchasing power parity and uncovered nominal interest rate parity apply, real interest rates in the two countries will be approximately equal.

Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for inflation). To convert the original earnings of Palmer, Trevino, and Norman, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winnings Golfer Year 1963 Arnold Palmer 1970 Lee Trevino 1986 Greg Norman 2016 Dustin Johnson O True (Dollars) 128,230 157,037 653,296 9,365,185 O False U.S. CPI (1983= 100) 30.6 38.8 109.6 240.0 Winnings in 2016 Dollars True or False: According to the previous table, the golfer with the highest PGA winnings in nominal dollars is not the same as the golfer with the highest PGA winnings after adjusting for inflation. 9,365,185