<u>If the exchange rate between the U.S. dollar and </u><u>Japanese </u><u>yen changes from</u><u> $1 = 100 yen</u><u> to </u><u>$1 = 90 yen,</u><u> then: Japanese tourists to the U.S. will benefit.</u>
What happens in the foreign exchange market when a surplus of dollars exists?
- The supply and demand of each currency must be equal in order for the foreign exchange market to be in equilibrium, as it is in every market.
- Until equilibrium is reached, the exchange rate will change according to whether there is a surplus or shortage on the market.
What connection exists between the supply of foreign currency and the exchange rate?
- This decreases demand for exports and reduces the amount of foreign currency available, much like how domestic goods become more expensive for foreign consumers when the foreign exchange rate declines.
- As a result, there is a direct connection between the supply of foreign currency and the foreign exchange rate.
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The name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.
<h3>What is a monetary policy?</h3>
It should be noted that a monetary policy are the actions that are taken in order to control the money in circulation.
In this case, the name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.
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Answer:YTM = [Interest + (face value -price) / years to maturity ] / [(face value +price)/2] = [90 + (1000 - 1130.35 )/ 18 ] /[(1000 + 1130.35)/2] = [90 + (-130.35 / 18) ] /[2130.35/2] = [90 - 7.242 ] / 1065.175 = 82.758 / 1065.175 = .0777 or 7.77% YTC = [90 + (1060 - 1130.35 )/ 8] /[(1060+1130.35)/2] = [90 +...
Explanation:The best estimate for the remaining term is 18 years (because the company would not call the bonds).
The coupon rate to issue a bond at par is 8.88% (the current yield to maturity).
A tax imposed on apples will be paid largely by THE SELLERS OF THE APPLES. The demand for apples being elastic means that small changes in price will cause large changes in quantity consumed. The supply for apples being inelastic means that the quantity supplied of apples is unaffected when the price of apple changes. This means that because of the imposed tax, the price of the apple will probably increase but since an increase in price will reduced the quantity bought, the sellers has to maintain the original price of the apples. In this case, the sellers of the apple will bear the larger parts of the imposed tax
Accounting error are errors committed in accounting, which are not intentional.
<h3>What is accounting error?</h3>
These are unintentional errors committed in accounting, which are often corrected when spotted.
Matching each definition to each example is shown below:
- Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500 Original entry
- Ethan records stationery expenses as $251, but it should have been $215 Transposition
- Ethan records salaries of $5,000 as credits instead of debits. Reversal of entries
- Ethan made a subtraction error while analyzing the profit on the sale of an asset. Calculation
- Ethan completely overlooked stationery expenses of $115. Omission
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