23. The CAB of a country improves if initially NFA are equal to -100 and:

(a) the common rate of return on NFA (applying to both domestic and foreign assets) increases by 2 percentage points (p.p.), and net exports of goods and services (NX) improve by 25.

(b) the common rate of return on NFA increases by 2 p.p. and NX improve by 15.

(c) there is a haircut of 30 on the debt owed by the domestic country, the common rate of return on NFA is 7%, and NX deteriorate by 20.

(d) both (a) and (c)

(e) none of the above