ECN 204 Chapter Notes - Chapter 18: United States Dollar, Currency Intervention, Futures Contract
12 Oct 2017
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Document Summary
This chapter addresses several important aspects of international trade. The chapter begins with a brief discussion about the balance of payments. Next, this balance of payments is explained and examined in greater detail. Exchange rates and balance of payments adjustments under each exchange rate system are then analyzed. The section concludes with a discussion of the advantages and disadvantages of each. There are minor revisions to the learning objectives. There are four more quick reviews to help the students retain the appropriate information. All relevant tables and graphs have been updated. Comments and teaching suggestions: the globe and mail and the national post report exchange rates daily. A good exercise is to have students learn to use one of these tables. There is great disparity among students" understanding of. Ch 18 - exchange rates and the balance of payments such information. Remember: exchange rates are only an application of supply and demand.
