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10. Current, financial, and capital accounts Consider hypothetical balance-of-payments data for Canada presented in the following table. Complete the following table by selecting the correct value for each missing entry, Balance of Payments (Billions of dollars) -65 -68 Current Accounts Canadian merchandise exports Canadian merchandise imports Merchandise trade balance Canadian service exports Canadian service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers -30 -35 -38 -5 Current account balance Financial Accounts Balance of Payments (Billions of dollars) +65 -68 +30 -35 -38 Current Accounts Canadian merchandise exports Canadian merchandise imports Merchandise trade balance Canadian service exports Canadian service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers Current account balance Financial Accounts Change in Canadian-owned assets abroad Change in foreign owned assets in Canada Financial account balance Statistical discrepancy Net balance -2 -5 -38 -- 35 0 Suppone Canadian driven gives money to her nephew in Belgium. This would be entered as a item under the section of the Canadian current account According to the table. Canada is running a trade In goods and services The current account balance pests that Canadian current account transactions (exports and imports of goods and services and inflows and outflow -5 Net unilateral transfers Current account balance -38 +48 Financial Accounts Change in Canadian-owned assets abroad Change in foreign-owned assets in Canada Financial account balance Statistical discrepancy Net balance +35 0 item under the Suppose a Canadian citizen glves money to her nephew in Belgium. This would be entered as a section of the Canadian current account in goods and services According to the table, Canada is running a trade The current account balance suggests that Canadian current account transactions (exports and imports of goods and services and inflows and outflows of investment income and transfers) created outpayments of foreign currencies from Canada that were the Inpayments of foreign Currencies to Canada Any surplus or deficit in one account must be offset by deficits or surpluses in other balance of payments accounts. Because the current account is in the excess of Canadian currency held by foreigners must either be loaned to Canadians or used to buy Canadian stocks or bonds. Al of these transactions are the recorded in the ccount. Since any imbalance in one account automatically lead to an equal, but pot imbalance in the other the balance of payments is always Grade It Now Save & Continue Continue without saving 10. Current, financial, and capital accounts Consider hypothetical balance-of-payments data for Canada presented in the following table. Complete the following table by selecting the correct value for each missing entry, Balance of Payments (Billions of dollars) -65 -68 Current Accounts Canadian merchandise exports Canadian merchandise imports Merchandise trade balance Canadian service exports Canadian service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers -30 -35 -38 -5 Current account balance Financial Accounts Balance of Payments (Billions of dollars) +65 -68 +30 -35 -38 Current Accounts Canadian merchandise exports Canadian merchandise imports Merchandise trade balance Canadian service exports Canadian service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers Current account balance Financial Accounts Change in Canadian-owned assets abroad Change in foreign owned assets in Canada Financial account balance Statistical discrepancy Net balance -2 -5 -38 -- 35 0 Suppone Canadian driven gives money to her nephew in Belgium. This would be entered as a item under the section of the Canadian current account According to the table. Canada is running a trade In goods and services The current account balance pests that Canadian current account transactions (exports and imports of goods and services and inflows and outflow -5 Net unilateral transfers Current account balance -38 +48 Financial Accounts Change in Canadian-owned assets abroad Change in foreign-owned assets in Canada Financial account balance Statistical discrepancy Net balance +35 0 item under the Suppose a Canadian citizen glves money to her nephew in Belgium. This would be entered as a section of the Canadian current account in goods and services According to the table, Canada is running a trade The current account balance suggests that Canadian current account transactions (exports and imports of goods and services and inflows and outflows of investment income and transfers) created outpayments of foreign currencies from Canada that were the Inpayments of foreign Currencies to Canada Any surplus or deficit in one account must be offset by deficits or surpluses in other balance of payments accounts. Because the current account is in the excess of Canadian currency held by foreigners must either be loaned to Canadians or used to buy Canadian stocks or bonds. Al of these transactions are the recorded in the ccount. Since any imbalance in one account automatically lead to an equal, but pot imbalance in the other the balance of payments is always Grade It Now Save & Continue Continue without saving