Question
Given the following $ (dollar) entries, compute the various balances. Credit entries are designated by a (+) and debit entries are designated by a (-).
Given the following $ (dollar) entries, compute the various balances.
Credit entries are designated by a (+) and debit entries are designated by a (-).
Merchandise Exports= + 60
Merchandise Exports= - 55
Service Exports= +70
Service Imports= -60
Investment Income (net)= + 5
U.S. Government Gifts to Foreigners= -25
U.S. Direct Investment Abroad= -10
Foreign Direct Investment in USA= +5
Foreign Securities Bought by U.S.= -3
U.S. Securities Bought by Foreigners= +10
SDR Allocation= +5
Non-Liquid Private S-T Capital Flows (net)= -8
Liquid Private S-T Capital Flows (net)= +7
Official S-T Capital Flows (net)= +5
Change in U.S. Official Reserve Assets=The Balancing Account
Errors and Omissions= -10
Calculate:
- The Merchandise Balance ____________
- Net Unilateral Transfers ___________
- The Current Account balance ____________
- Net Long-Term Capital Flows ____________
- Basic Balance ____________
- Net Liquidity Balance ___________
- Official Reserve Transactions Account Balance ____________
- U.S. Official reserve Assets ____________
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The Misbehavior Of Markets A Fractal View Of Financial Turbulence
Authors: Benoit Mandelbrot, Richard L Hudson
1st Edition
0465043577, 978-0465043576
