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10. Suppose that US firms and citizens purchased $60 billion more in foreign equity and debt instruments (stocks and bonds) during a quarter than they

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10. Suppose that US firms and citizens purchased $60 billion more in foreign equity and debt instruments (stocks and bonds) during a quarter than they sold. Suppose that foreign counterparts sold $2billion more in US equity and debt instruments. What would the resulting portfolio investment balance be for the United States? Please show some work in providing the single number associated with your answer, and indicate whether the entry is positive or negative

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