Based on the following information from a balance of paymentstable, what is the balance on the financialaccount?

Exports of goods and services= $12 billion

Imports of goods and services= $14 billion

Net income on investments= $4 billion

Net transfers= $1 billion

Increase in foreign holdings of assets in the United States= $5 billion

Increase in U.S. holdings of assets in foreign countries= $3 billion

A.

$8 billion

B.

$2 billion

C.

$1 billion

D.

$1 billion