If a speculator expects that the Fed will intervene by exchanging dollars for Japanese yen, she would most likely ____ to capitalize on this intervention.

To weaken the dollar using sterilized intervention, the Fed will ____ U.S. dollars and simultaneously ____ Treasury securities.

Which of the following would likely have the greatest direct influence on a country’s capital/financial account?

All other things held constant, a large increase in the U.S. income level is normally expected to cause:

At Valley Forge, Washington’s army

During the Napoleonic Wars between England and France, the USA

During the American Revolution, the British use of German troops

American militia __________________ British regular troops.

A strong dollar is normally expected to cause:

Graylon, Inc., based in Washington, exports products to a German firm and will receive payment of €200,000 in three months. On June 1, the spot rate of the euro was $1.15, and the 3-month forward rate was $1.12. On June 1, Graylon negotiated a forward contract with a bank to sell €200,000 forward in three months. The spot rate of the euro on September 1 is $1.10. Graylon will receive $____ for the euros.