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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following question is an economics 2 question. *I need to determine if the country (Shortland) has a floating exchange rate or a fixed exchange rate*
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Balance of payments Question:Â
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The citizens of Shortland, whose currency is the squat, conducted the following transactions in 2005/06:
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QUESTION: Does Shortland have a floating exchange rate?
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I have found the following information (below) as well but am unsure how this relates to whether its a floating exchange rate or not?
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Net income and transfer = 20 squat
Current account = 60 squat
Capital account = 30 squat
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