_ 18. The international asset position (HP) of a country: a. is a balance sheet that shows the total holdings of foreign assets by domestic residents at a point in time and the total holdings of domestic assets by foreign residents at a point in time. b. consists of ow variables since it records changes in the country's asset holdings during the year. c. is an income statement that shows the changes in asset holdings during the past year. (1. consists of ow variables since it records the total value of assets at a point in time. 6. is always in balance