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Given the following transactions between the domestic and foreign countries: I. Foreign country purchased $75 of wheat from the domestic country II. Domestic country purchase
Given the following transactions between the domestic and foreign countries: I. Foreign country purchased $75 of wheat from the domestic country II. Domestic country purchase $50 of steel from the foreign country III. Foreign tourists spent $20 in the domestic country IV. Domestic residents gave $5 to the foreign country as charities V. Domestic investors received $25 in dividends from their holdings of foreign equities VI. Foreign investors were paid $10 in dividends from their holdings of domestic equities What is Current Account Balance? a. -$20 b. +$25 c. All of the answers here are incorrect d. +$45 e. +$15
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