ECS3704 Assignment 1 Semester 1 2023 (211581)
Americans buy stock in Mexico - --FA purchase of foreign asset -sell dollars for pesos and the mexican firms buy american goods - -+CA US export -Sell dollars to the central bank for pesos - -FA+ fed reduces foreign currency holdings -Americans import goods from china - -CA- US import -China buys our government bonds - -+FA Foreigners buy US assets -The central bank buys reserve assets - --FA fed buys reserve assets -US sells bonds in exchange to foreigners - -+FA Foreigners buy US assets -Nigeria sells oil - -CA+ Nigeria exports -Nigeria exchanges dollars for local currency - -FA- Nigeria central bank buys dollars -Sp+Sg= - -I+NX or National savings
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ecs3704 assignment 1 semester 1 2023 211581
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