Chapter 12 LECTURE NOTES

Mar 20, 2013 · An American import transaction example illustrates how a British exporter is paid in pounds while the importer pays dollars. 1. A U.S. firm is buying 150,000 pounds worth of compact discs from Britain. 2. The exchange rate remains at $2 = 1 Br. pound, so the American purchaser must exchange its $300,000 for 150,000 Br. pounds at an American ... ................
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