Consider the following balance of payment data for the United States: Exports of goods=130; Imports of goods=125;
Question:
Consider the following balance of payment data for the United States: Exports of goods=130; Imports of goods=125; Exports of services 30; Imports of services=50; Incomes payments received from foreigners=90; Income payments to foreign countries=60; Unilateral transfers received from foreign countries=10; Unilateral transfers paid to foreign countries=20; Increase in ownership of domestic assets by foreign residents=145. Increase in ownership of assets abroad by US residents=150. What are the values of the Trade Account Balance, the Current Account Balance, and the Capital and Financial Account Balance?
a. | Trade account=-15; Current account=5; Capital and financial account=-5. | |
b. | Trade account=15; Current account=-5; Capital and financial account=5. | |
c. | Trade account=15; Current account=-5; Capital and financial account=-5. | |
d. | Trade account=15; Current account=5; Capital and financial account=-5. |
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett