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Category > Economics Posted 29 May 2018 My Price 8.00

citizens of Shortland

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*

 

Balance of payments Question: 

 

The citizens of Shortland, whose currency is the squat, conducted the following transactions in 2005/06:

Screen Shot 2018-05-23 at 4.47.53 pm.png

 

QUESTION: Does Shortland have a floating exchange rate?

 

I have found the following information (below) as well but am unsure how this relates to whether its a floating exchange rate or not?

 

Net income and transfer = 20 squat

Current account = 60 squat

Capital account = 30 squat

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Status NEW Posted 29 May 2018 08:05 PM My Price 8.00

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