Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below is the hypothetical information of the balance of payment for the US. Export of merchandise 200 Import of merchandise 500 Export of services 80

Below is the hypothetical information of the balance of payment for the US. Export of merchandise 200 Import of merchandise 500 Export of services 80 Import of services 55 Foreign Aids, grants and gift OR Unilateral transfer of fund (NET) -30 Direct Foreign Investment received by the US 100 Direct Foreign Investment made by the US 250 Portfolio Investment received by the US 400 Portfolio Investment made by the US 350 Other Capital Investment received by the US 600 Other Capital Investment made by the US 200 Question: What is the balance of the Financial Account? (Note: if the answer is a surplus of 10, type 10. If the answer is a deficit of 10, type -10)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Pricing And Hedging Financial Derivatives A Guide For Practitioners

Authors: Leonardo Marroni, Irene Perdomo

1st Edition

1119953715, 978-1119953715

More Books

Students also viewed these Finance questions

Question

Determine the amplitude and period of each function.

Answered: 1 week ago

Question

6. Identify characteristics of whiteness.

Answered: 1 week ago

Question

e. What are notable achievements of the group?

Answered: 1 week ago