Table : TABLE 20-6 A Hypothetical Equilibrium in the Foreign Exchange Market
European purchases of U.S. dollars (trillions of U.S. dollars) To buy U.S. goods and services: 1.0 To buy U.S. assets: 1.0 Total purchases of U.S. dollars: 2.0
U.S. sales of U.S. dollars (trillions of U.S. dollars) To buy European goods and services: 1.5 To buy European assets: 0.5 Total sales of U.S. dollars: 2.0
U.S. balance of payments on current account: −0.5 U.S. balance of payments on financial account: +0.5