Business and Finance homework help: On July 2, 2012, the cross rates for the Japanese and Mexican currencies were yen 0.009949/EUR and peso 0.059571/EUR. What are the cross rates between the two currencies?
Suppose that on July 2, 2012, the cross rates for the Singapore and South African currencies were Singapore dollar (S$) 0.789085/US dollar (US$) and rand 0.122540/US$. What are the cross rates between the two currencies?
Assume the Bank of Germany borrowed Australian dollar (A$) 25 billion from the Bank of Australia before the global financial crisis of 2007. At that time, the rate was A$ 1.68751/€ or US$1.4786 /€. In 2012, the Bank of Australia repaid the money borrowed. At the time of repayment, the rate was A$1.22829/€ or US$ 1.25929/€:
Calculate the percentage of devaluation of euros against Australian dollars as well as euros against U.S. dollars.
Calculate the cost of intervention to the Bank of Germany in euros and U.S. dollars.
(Briefly show or explain how you arrived at your solutions to get partial credit if one or more answers are incorrect.)
Record a journal entry for each of the following transactions:
A U.S.-based MNC invests $800 million in a factory located in South Africa and finances the project by issuing bonds in Germany.
A Mexican company sells $5 million worth of goods to an Arizona company and deposits the check in a bank in Scottsdale.
The Bank of Denmark purchases 1.3 billion dollars in the foreign exchange market to hold down the value of the krone and uses these dollars to buy U.S. Treasury bonds.
A U.S.-based MNC pays $9 million in dividends to foreign residents. Those residents decide to hold the dividends in bank deposits in New York.
A U.S. car manufacturer exports $110 million of cars to the Philippines and receives payment in the form of a check drawn on a U.S. bank.
Calculate and record the following entries in the U.S. balance of payments accounts as applicable:
The U.S. government uses its foreign demand deposits to purchase $8 from private foreigners in the U.S.
American tourists spend $30 abroad using traveler’s checks drawn on U.S. banks.
The U.S. government sells abroad $45 in gold for foreign demand deposits.
The U.S. exports $300 of goods and receives payment abroad in the form of foreign demand deposits.
U.S. citizens purchase foreign stocks with $60, using foreign demand deposits held abroad.
The U.S. imports $225 of goods and pays for them by drawing down its foreign demand deposits.
The U.S. pays $15 to foreigners in dividends drawn on U.S. demand deposits.
Your answers must be presented in a Word document; if you do any calculations in Excel, copy and paste them from Excel into the Word document. Make sure your responses are clearly marked so your instructor knows which questions your responses are answering
Why Choose Us
Top Quality and Well-Researched Papers
Keeping in mind your instructions and guidelines, our writers ensure to do extensive research before beginning to write. Unique and quality paper is our top priority.
Professional and Experienced Academic Writers
Our team of writers and editors have many years of experience in academic writing. They are native English speakers and able to handle any academic task with ease.
Free Unlimited Revisions
We offer free unlimited revision to our clients. Whenever you feel the need to revise your work submit to our able editors. Our editors will ensure that your paper will be revised to meet your guidelines.
Prompt Delivery and 100% Money-Back-Guarantee
As a team we work hard to ensure a timely delivery of your papers. All you need to do is specify the time frame that you want you paper be submitted. We will work round the clock to beat the deadline.
Original & Confidential
We value your confidentiality and all our payment method are secure. We also use high end writing tools to ensure that all papers delivered are unique.
Customer Support 24/7
Our customer support team are available 24/7 to accept your orders and queries. We are committed to provide you with the best customer experience.
What Our Paper Writing Service Guarantees
You do not have to worry on what to expect because at mypaperwriterspro.com we guarantee you;
Our team of writers and editors is composed of people with diverse writing experiences. All of them have a Ph.D. They are all Ph.D. or M.A. graduates with extensive experience in academic and essay writing. We offer high-quality, original academic writing at an affordable cost.
Every order is written from scratch. We ensure that your papers conform to English conventions and the requirements of your discipline. To ensure originality, we also perform originality checks on all academic papers. Our success rate is 99% and many of our clients achieves their desired grades.
Mypaperwriterspro has a strict anti-plagiarism policy. To ensure that your paper is not flagged as plagiarism, we take extra precautions when writing it. Professional plagiarism detection software is used by our custom paper experts.
Mypaperwriterspro takes the privacy of clients' information very seriously. Mypaperwriterspro does not disclose any information about our transactions with third-party services. Nobody will ever know that you have hired our paper writing service to help with your paper.
Our website offers online security for our customers. Your passwords and personal information are protected and cannot be accessed by anyone else. Our customers are assured that their accounts will not be compromised by hackers. Learn more about the data that we store and how it is used in our privacy statement.
When you order our paper service, you get unlimited free revisions and unlimited drafts. We will ensure that you submit flawless papers. Our paper help website allows you to request multiple revisions.
If the order form indicates that modifications or adjustments are required, only those should be made. These guidelines include, but are not limited to:
You can reach us by email, phone, and live chat. We are always interested in hearing from our customers. We welcome any feedback regarding our paper assistance service. Our customer service representatives are available 24/7, even on holidays and weekends. They can help you place orders, check the status of your order, answer questions, or simply provide information.
Chat with your paper specialist via our live chat. Our professionals are available for unlimited chats. All your questions will be answered within minutes
Do you still feel dissatisfied with your final paper? Don't worry. Mypaperwriterspro is committed to customer satisfaction.
Although it is rare, you can request a partial or full refund if your final paper is not written to your satisfaction. Mypaperwriterspro views our money-back guarantee more as a right than a benefit.
We believe that our clients deserve the best paper services available online. We offer a simple and straightforward refund process if you are not satisfied with the paper.