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1. Total European sales for a company were HK$90 with an average exchange rate of HK$7.5/Euro, working out to total European sales of €12. 2. Tubing costs for a company were $800,000 or HK$16,0000 at an exchange rate of 8.68 HK$/$. After a 12% revaluation, the new costs were HK$179,200. 3. For a country, the balance of trade was -HK$10,000, balance on current account was -HK$27,000, and excessive domestic savings were HK$200 with 50% used for net exports and 100% used for

Author

Sandip Agarwal

Language

EN