SlideShare a Scribd company logo
Paf is a small country. Its currency is the pif, and the exchange rate with the U.S. dollar is 0.9
pifs per dollar. Here are some transactions affecting paf's balance of payments during the quarter.
1. Paf exports 10 million pifs of local products.
2. Paf investors buy foreign companies for a total cost of $3 million.
3. Paf investors receive $0.1 million of dividends on their foreign shares.
4. Many tourists visit Paf and spend $0.5 million.
5, Paf pays 1 million pifs as interest on paf bonds currently held by foreigners.
6. Paf imports $7 million of foreign goods.
7. Paf receives $0.3 million as foregin aid.
a. What is Paf's balance of payments for the quarter?
b. How are official reserve affected?

More Related Content

More from arcellzone

Part 11 atratighisini and youngist will the in lith- thery are fiponit.pdf
Part 11 atratighisini and youngist will the in lith- thery are fiponit.pdfPart 11 atratighisini and youngist will the in lith- thery are fiponit.pdf
Part 11 atratighisini and youngist will the in lith- thery are fiponit.pdf
arcellzone
 
Parsing food data lab - Please answer in JAVA Given a text file contai.pdf
Parsing food data lab - Please answer in JAVA Given a text file contai.pdfParsing food data lab - Please answer in JAVA Given a text file contai.pdf
Parsing food data lab - Please answer in JAVA Given a text file contai.pdf
arcellzone
 
Paris Just Got Cheaper for American Tourists Paris- France- Americans.pdf
Paris Just Got Cheaper for American Tourists Paris- France- Americans.pdfParis Just Got Cheaper for American Tourists Paris- France- Americans.pdf
Paris Just Got Cheaper for American Tourists Paris- France- Americans.pdf
arcellzone
 
Parent generation Cross-fertilization F1 generation F2 generationRead.pdf
Parent generation Cross-fertilization F1 generation F2 generationRead.pdfParent generation Cross-fertilization F1 generation F2 generationRead.pdf
Parent generation Cross-fertilization F1 generation F2 generationRead.pdf
arcellzone
 
package linkedLists- import java-util-Iterator- --- A class representi.pdf
package linkedLists- import java-util-Iterator- --- A class representi.pdfpackage linkedLists- import java-util-Iterator- --- A class representi.pdf
package linkedLists- import java-util-Iterator- --- A class representi.pdf
arcellzone
 
package hw1-public class Runner { public static void main(String-- arg (1).pdf
package hw1-public class Runner { public static void main(String-- arg (1).pdfpackage hw1-public class Runner { public static void main(String-- arg (1).pdf
package hw1-public class Runner { public static void main(String-- arg (1).pdf
arcellzone
 
P1) Given the Von Neumann architecture- answer the following questions.pdf
P1) Given the Von Neumann architecture- answer the following questions.pdfP1) Given the Von Neumann architecture- answer the following questions.pdf
P1) Given the Von Neumann architecture- answer the following questions.pdf
arcellzone
 
P1) Answer the following questions (a) We discussed about bottleneck i.pdf
P1) Answer the following questions (a) We discussed about bottleneck i.pdfP1) Answer the following questions (a) We discussed about bottleneck i.pdf
P1) Answer the following questions (a) We discussed about bottleneck i.pdf
arcellzone
 
P1) Answer the following questions ( 40 points) (a) We discussed about.pdf
P1) Answer the following questions ( 40 points) (a) We discussed about.pdfP1) Answer the following questions ( 40 points) (a) We discussed about.pdf
P1) Answer the following questions ( 40 points) (a) We discussed about.pdf
arcellzone
 
Our Space is a social media site that is growing in popularity- The fi.pdf
Our Space is a social media site that is growing in popularity- The fi.pdfOur Space is a social media site that is growing in popularity- The fi.pdf
Our Space is a social media site that is growing in popularity- The fi.pdf
arcellzone
 
P(Zn-kZn1-j)-k!(j)kej (5 points) Let T be the minimal value of n such.pdf
P(Zn-kZn1-j)-k!(j)kej (5 points) Let T be the minimal value of n such.pdfP(Zn-kZn1-j)-k!(j)kej (5 points) Let T be the minimal value of n such.pdf
P(Zn-kZn1-j)-k!(j)kej (5 points) Let T be the minimal value of n such.pdf
arcellzone
 
P(Zn-kZn1-j)-k!(j)kejfn-P(T-10Z1-n)gn-P(T-20Z1-n).pdf
P(Zn-kZn1-j)-k!(j)kejfn-P(T-10Z1-n)gn-P(T-20Z1-n).pdfP(Zn-kZn1-j)-k!(j)kejfn-P(T-10Z1-n)gn-P(T-20Z1-n).pdf
P(Zn-kZn1-j)-k!(j)kejfn-P(T-10Z1-n)gn-P(T-20Z1-n).pdf
arcellzone
 
P(hiber makes 10 eonesoupe outs) - (fourd to five decimal places as ne.pdf
P(hiber makes 10 eonesoupe outs) - (fourd to five decimal places as ne.pdfP(hiber makes 10 eonesoupe outs) - (fourd to five decimal places as ne.pdf
P(hiber makes 10 eonesoupe outs) - (fourd to five decimal places as ne.pdf
arcellzone
 
Oxygen Sulfice Figure 1- Winogradsky column zones- The following organ.pdf
Oxygen Sulfice Figure 1- Winogradsky column zones- The following organ.pdfOxygen Sulfice Figure 1- Winogradsky column zones- The following organ.pdf
Oxygen Sulfice Figure 1- Winogradsky column zones- The following organ.pdf
arcellzone
 
Overtime Hours Worked A random sample of 13 registered nurses in a lar.pdf
Overtime Hours Worked A random sample of 13 registered nurses in a lar.pdfOvertime Hours Worked A random sample of 13 registered nurses in a lar.pdf
Overtime Hours Worked A random sample of 13 registered nurses in a lar.pdf
arcellzone
 
Organize the three tasks below when performing risk assessment- C-Cate.pdf
Organize the three tasks below when performing risk assessment- C-Cate.pdfOrganize the three tasks below when performing risk assessment- C-Cate.pdf
Organize the three tasks below when performing risk assessment- C-Cate.pdf
arcellzone
 
outermost boundary of a cell the buttocks 1- histology divides body in.pdf
outermost boundary of a cell the buttocks 1- histology divides body in.pdfoutermost boundary of a cell the buttocks 1- histology divides body in.pdf
outermost boundary of a cell the buttocks 1- histology divides body in.pdf
arcellzone
 
OrderQuantity186245234924191535661487342838292761011811464121881325144.pdf
OrderQuantity186245234924191535661487342838292761011811464121881325144.pdfOrderQuantity186245234924191535661487342838292761011811464121881325144.pdf
OrderQuantity186245234924191535661487342838292761011811464121881325144.pdf
arcellzone
 
Osmosis- Review osmosis in your text- A solution is a homogeneous mixt.pdf
Osmosis- Review osmosis in your text- A solution is a homogeneous mixt.pdfOsmosis- Review osmosis in your text- A solution is a homogeneous mixt.pdf
Osmosis- Review osmosis in your text- A solution is a homogeneous mixt.pdf
arcellzone
 
Original Address- 150-50-0-0-16 Custom Address Map- N-N-ssssssss-sshhh.pdf
Original Address- 150-50-0-0-16 Custom Address Map- N-N-ssssssss-sshhh.pdfOriginal Address- 150-50-0-0-16 Custom Address Map- N-N-ssssssss-sshhh.pdf
Original Address- 150-50-0-0-16 Custom Address Map- N-N-ssssssss-sshhh.pdf
arcellzone
 

More from arcellzone (20)

Part 11 atratighisini and youngist will the in lith- thery are fiponit.pdf
Part 11 atratighisini and youngist will the in lith- thery are fiponit.pdfPart 11 atratighisini and youngist will the in lith- thery are fiponit.pdf
Part 11 atratighisini and youngist will the in lith- thery are fiponit.pdf
 
Parsing food data lab - Please answer in JAVA Given a text file contai.pdf
Parsing food data lab - Please answer in JAVA Given a text file contai.pdfParsing food data lab - Please answer in JAVA Given a text file contai.pdf
Parsing food data lab - Please answer in JAVA Given a text file contai.pdf
 
Paris Just Got Cheaper for American Tourists Paris- France- Americans.pdf
Paris Just Got Cheaper for American Tourists Paris- France- Americans.pdfParis Just Got Cheaper for American Tourists Paris- France- Americans.pdf
Paris Just Got Cheaper for American Tourists Paris- France- Americans.pdf
 
Parent generation Cross-fertilization F1 generation F2 generationRead.pdf
Parent generation Cross-fertilization F1 generation F2 generationRead.pdfParent generation Cross-fertilization F1 generation F2 generationRead.pdf
Parent generation Cross-fertilization F1 generation F2 generationRead.pdf
 
package linkedLists- import java-util-Iterator- --- A class representi.pdf
package linkedLists- import java-util-Iterator- --- A class representi.pdfpackage linkedLists- import java-util-Iterator- --- A class representi.pdf
package linkedLists- import java-util-Iterator- --- A class representi.pdf
 
package hw1-public class Runner { public static void main(String-- arg (1).pdf
package hw1-public class Runner { public static void main(String-- arg (1).pdfpackage hw1-public class Runner { public static void main(String-- arg (1).pdf
package hw1-public class Runner { public static void main(String-- arg (1).pdf
 
P1) Given the Von Neumann architecture- answer the following questions.pdf
P1) Given the Von Neumann architecture- answer the following questions.pdfP1) Given the Von Neumann architecture- answer the following questions.pdf
P1) Given the Von Neumann architecture- answer the following questions.pdf
 
P1) Answer the following questions (a) We discussed about bottleneck i.pdf
P1) Answer the following questions (a) We discussed about bottleneck i.pdfP1) Answer the following questions (a) We discussed about bottleneck i.pdf
P1) Answer the following questions (a) We discussed about bottleneck i.pdf
 
P1) Answer the following questions ( 40 points) (a) We discussed about.pdf
P1) Answer the following questions ( 40 points) (a) We discussed about.pdfP1) Answer the following questions ( 40 points) (a) We discussed about.pdf
P1) Answer the following questions ( 40 points) (a) We discussed about.pdf
 
Our Space is a social media site that is growing in popularity- The fi.pdf
Our Space is a social media site that is growing in popularity- The fi.pdfOur Space is a social media site that is growing in popularity- The fi.pdf
Our Space is a social media site that is growing in popularity- The fi.pdf
 
P(Zn-kZn1-j)-k!(j)kej (5 points) Let T be the minimal value of n such.pdf
P(Zn-kZn1-j)-k!(j)kej (5 points) Let T be the minimal value of n such.pdfP(Zn-kZn1-j)-k!(j)kej (5 points) Let T be the minimal value of n such.pdf
P(Zn-kZn1-j)-k!(j)kej (5 points) Let T be the minimal value of n such.pdf
 
P(Zn-kZn1-j)-k!(j)kejfn-P(T-10Z1-n)gn-P(T-20Z1-n).pdf
P(Zn-kZn1-j)-k!(j)kejfn-P(T-10Z1-n)gn-P(T-20Z1-n).pdfP(Zn-kZn1-j)-k!(j)kejfn-P(T-10Z1-n)gn-P(T-20Z1-n).pdf
P(Zn-kZn1-j)-k!(j)kejfn-P(T-10Z1-n)gn-P(T-20Z1-n).pdf
 
P(hiber makes 10 eonesoupe outs) - (fourd to five decimal places as ne.pdf
P(hiber makes 10 eonesoupe outs) - (fourd to five decimal places as ne.pdfP(hiber makes 10 eonesoupe outs) - (fourd to five decimal places as ne.pdf
P(hiber makes 10 eonesoupe outs) - (fourd to five decimal places as ne.pdf
 
Oxygen Sulfice Figure 1- Winogradsky column zones- The following organ.pdf
Oxygen Sulfice Figure 1- Winogradsky column zones- The following organ.pdfOxygen Sulfice Figure 1- Winogradsky column zones- The following organ.pdf
Oxygen Sulfice Figure 1- Winogradsky column zones- The following organ.pdf
 
Overtime Hours Worked A random sample of 13 registered nurses in a lar.pdf
Overtime Hours Worked A random sample of 13 registered nurses in a lar.pdfOvertime Hours Worked A random sample of 13 registered nurses in a lar.pdf
Overtime Hours Worked A random sample of 13 registered nurses in a lar.pdf
 
Organize the three tasks below when performing risk assessment- C-Cate.pdf
Organize the three tasks below when performing risk assessment- C-Cate.pdfOrganize the three tasks below when performing risk assessment- C-Cate.pdf
Organize the three tasks below when performing risk assessment- C-Cate.pdf
 
outermost boundary of a cell the buttocks 1- histology divides body in.pdf
outermost boundary of a cell the buttocks 1- histology divides body in.pdfoutermost boundary of a cell the buttocks 1- histology divides body in.pdf
outermost boundary of a cell the buttocks 1- histology divides body in.pdf
 
OrderQuantity186245234924191535661487342838292761011811464121881325144.pdf
OrderQuantity186245234924191535661487342838292761011811464121881325144.pdfOrderQuantity186245234924191535661487342838292761011811464121881325144.pdf
OrderQuantity186245234924191535661487342838292761011811464121881325144.pdf
 
Osmosis- Review osmosis in your text- A solution is a homogeneous mixt.pdf
Osmosis- Review osmosis in your text- A solution is a homogeneous mixt.pdfOsmosis- Review osmosis in your text- A solution is a homogeneous mixt.pdf
Osmosis- Review osmosis in your text- A solution is a homogeneous mixt.pdf
 
Original Address- 150-50-0-0-16 Custom Address Map- N-N-ssssssss-sshhh.pdf
Original Address- 150-50-0-0-16 Custom Address Map- N-N-ssssssss-sshhh.pdfOriginal Address- 150-50-0-0-16 Custom Address Map- N-N-ssssssss-sshhh.pdf
Original Address- 150-50-0-0-16 Custom Address Map- N-N-ssssssss-sshhh.pdf
 

Recently uploaded

Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdfAdversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Po-Chuan Chen
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
GeoBlogs
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
kaushalkr1407
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
Atul Kumar Singh
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
Thiyagu K
 
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th SemesterGuidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Atul Kumar Singh
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
Embracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic ImperativeEmbracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic Imperative
Peter Windle
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
Nguyen Thanh Tu Collection
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
DhatriParmar
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
heathfieldcps1
 

Recently uploaded (20)

Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdfAdversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
 
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th SemesterGuidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th Semester
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
Embracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic ImperativeEmbracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic Imperative
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
 

Paf is a small country- Its currency is the pif- and the exchange rate.pdf

  • 1. Paf is a small country. Its currency is the pif, and the exchange rate with the U.S. dollar is 0.9 pifs per dollar. Here are some transactions affecting paf's balance of payments during the quarter. 1. Paf exports 10 million pifs of local products. 2. Paf investors buy foreign companies for a total cost of $3 million. 3. Paf investors receive $0.1 million of dividends on their foreign shares. 4. Many tourists visit Paf and spend $0.5 million. 5, Paf pays 1 million pifs as interest on paf bonds currently held by foreigners. 6. Paf imports $7 million of foreign goods. 7. Paf receives $0.3 million as foregin aid. a. What is Paf's balance of payments for the quarter? b. How are official reserve affected?