Multinational Business Finance Study Set 4
Quiz 3: The Balance of Payments
As of Year-End 2016, the United States Still Held the World's
As of year-end 2016, the United States still held the world's largest foreign exchange reserve, but the total was rapidly being approached by China.
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China's current political plan includes reducing their foreign exchange reserve balance by allowing the yuan to float freely and by switching their goods balance from one of a net surplus to a net deficit.
An excess of merchandise exports over merchandise imports results in a balance of trade deficit.
The transition to floating exchange rate regimes in the 1970s (described in Chapter .3) changed the focus from the total BOP to its various subaccount like the current and financial account balances.
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