Suppose That Argentina's Dollar-Denominated External Assets and Liabilities Are $10

question 22

Multiple Choice

Suppose that Argentina's dollar-denominated external assets and liabilities are $10 billion and $100 billion, respectively, and its Argentine peso-denominated external assets and liabilities are each 50 billion pesos (P) . Suppose further that Argentina fixes its exchange rate at P1 = $US1. What is the dollar value of Argentina's total external wealth?

• A) -$60 billion
• B) -$150 billion
• C) -$90 billion
• D) -$210 billion

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