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It represents the difference between the total amount of money coming into and going out of a country. Consider a Canadian MNE that builds a factory in China. In the process, money flows from Canada to China, generating a deficit item for Canada and a surplus item for China in their respective balance of payments. The balance of payments is affected by other transactions as well, as when citizens donate money to a foreign charity, when governments provide foreign aid, or when tourists spend money abroad. The Bretton Woods Agreement was initiated to peg the value of the U.S. dollar to an established value of gold, at a rate of $35 per ounce. The U.S. government agreed to buy and sell unlimited amounts of gold in order to maintain this fixed rate. Each of Bretton Woods' other signatory countries agreed to establish a par value of its currency in terms of the U.S. dollar and to maintain this pegged value through central bank intervention. In this way, the Bretton Woods system kept exchange rates of major currencies fixed at a prescribed level relative to the U.S. dollar and, therefore, to each other. Floating Exchange Rate System-Under this system, governments refrain from systematic intervention and each nation's currency floats independently, according to market forces. Major world currencies-including the Canadian dollar, the British pound, the euro, the U.S. dollar, and the Japanese yen-float independently on world exchange markets. Their exchange rates are determined daily by the forces of supply and demand. Fixed Exchange Rate System-The value of a currency is set relative to the value of another (or to the value of a basket of currencies) at a specified rate. The system is sometimes called a pegged exchange rate system.
A Newtonian fluid with a viscosity of 0.38 Ns/m2 and a specific gravity of 1.03 flows through a 28 mm diameter pipe with a velocity of 2.7 m/s. Determine the Reynold number.
In terms of ionic equilibria and solubility product theory, explain dissolution of silver chloride in aqueous ammonia and reprecipitation with nitric acid
After 74.0 min, 35.0% of a compound has decomposed. Explain what is the half-life of this reaction assuming first-order kinetics
Biological systems usually work at 65% efficiency. How many mL of ethanol can you obtain from the fermentation of 0.65 lbs of sucrose
The equation for osmotic pressure is = MRT, where ? is the osmotic pressure (in atm), M is the total molarity of solute particles.
Titration of 80 ml of unknown concentration of H3PO4 requires 126ml of 0.128M KOH. What is the concentration of H3PO4?
when the following equation is completed and balanced for the reaction in an acidic solution what is the proper coefficient for H+, Zn(s)+ Cr2O7^2-(aq)---> Zn^2+ (aq)+ Cr^2+(aq)
a 13.6 sample of nh4no3 is dropped into a constant-pressure calorimeter containing 175 g of water at 23.5 c. what
In a body-centered unit cells, the atoms usually touch across the diagonal of the face. If the atomic radius is r, calculate the length of each side of the unit
Calculate ?G° for the reaction of ammonia with fluorine. 2NH3(g) + 5F2(g) ? N2F4(g) + 6HF(g) Substance: NH3(g) F2(g) N2F4(g) HF(g) ?G° f (kJ/mol)
Investigate radiocarbon dating (also called carbon-14 dating), a very important and useful chemistry application. Describes an application of radiocarbon dating other than dating fossils
914g sample of a nonvolatile solid solute dissolves in 9.82g of cyclohexane. the change in the freezing point of the solution is 2.94 degrees c. what is the molality of the solute in the solution
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