The table shows the transactions made during 1999 by the citizens of Biscuit, whose currency is the crumb. During 1999, the official reserves increased by 380 million crumbs. Calculate the current account balance.

880 million crumbs
1,000 million crumbs
-1,000 million crumbs
-880 million crumbs

The table shows the transactions made during 1999 by the citizens of Biscuit, whose currency is the crumb. During 1999, the official reserves increased by 380 million crumbs. How many million crumbs did Biscuit lend to the rest of the world in 1999?

2,000
500
-500
240

On the island country of Sunshine where the unit of currency is fish, net exports are 50 fish, saving is 250 fish, net taxes are 100 fish, and the government budget deficit is 175 fish. What is the value of investment?

25 fish
-25 fish
375 fish
-375 fish

On the island country of Sunshine where the unit of currency is fish, net exports are 50 fish, saving is 250 fish, net taxes are 100 fish, and the government budget deficit is 175 fish. The private sector has a _______.

deficit of 225 fish
surplus of 225 fish
deficit of 125 fish
surplus of 125 fish

The table shows the exchange rates between various currencies and the U.S. dollar. Between 1994 and 1995, the U.S. dollar _______ against the French franc and _______ against the Japanese yen.

appreciated; appreciated
depreciated; appreciated
depreciated; depreciated
appreciated; depreciated

The table shows the exchange rates between various currencies and the U.S. dollar. Between 1994 and 1995, the Japanese yen _______ against the Canadian dollar and _______ against the French franc.

depreciated; appreciated
depreciated; depreciated
appreciated; appreciated
appreciated; depreciated

Epsilon is a country whose unit of currency is the omega. New information leads people to expect that the omega will depreciate next year. The demand curve for omegas shifts _______, the supply curve of omegas shifts _______, and the omega _______.

rightward; leftward; appreciates
leftward; rightward; depreciates
leftward; leftward; neither depreciates nor appreciates
rightward; rightward; neither depreciates nor appreciates

Epsilon is a country whose unit of currency is the omega. New information leads people to expect that the omega will depreciate next year. To keep the foreign exchange value of the omega fairly steady, the Bank of Epsilon will _______ enough omegas on the foreign exchange market so that the_______ omegas will __________.

buy; demand for; decrease
buy; supply of; decrease
sell; supply of; increase
buy; demand for; increase

In France, the price of a computer is 17,500 francs. In Japan, the price of the same computer is 294,000 yen. If a U.S. dollar can buy 5.12 French francs or 108.78 yen, then purchasing power parity _________________.

holds and the computer is the same price everywhere
does not hold and the computer is cheaper in Japan
does not hold and the computer is cheaper in France
is equal to interest rate parity and the computer is cheaper in North America

The table gives the supply and demand schedules of Canadian dollars. Suppose that the Bank of Canada spends $75 billion and buys foreign securities. As a result, the Canadian dollar will ___________________.

appreciate by 50 yen per dollar
depreciate by 110 yen per dollar
appreciate by 110 yen per dollar
depreciate by 50 yen per dollar

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