Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of $10 billion, and a balance on the current account of -$200 billion. The balance on the capital and financial account will be: a. $7,200 billion. b. $1,200 billion. c. $200 billion. d. $100 billion.
Chapter 25, Exerise Questions #13
Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of $10 billion, and a balance on the current account of -$200 billion. The balance on the capital and financial account will be:
a. $7,200 billion.
b. $1,200 billion.
c. $200 billion.
d. $100 billion.
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Answer
Answer: c. $200 billion. Feedback: The correct answer is that the balance on the capital and financi…View the full answer
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ISBN: 978-1259450242