Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The annual flows of earnings on foreign assets are reported in a country's current account, whereas the principal amounts (ie, the investment amounts) of financial

The annual flows of earnings on foreign assets are reported in a country's current account, whereas the principal amounts (ie, the investment amounts) of financial assets traded between a country's residents and the rest of the world are:\ not reported.\ reported in the country's capital/financial account balance.\ considered to be part of the country's transactions in official reserve assets.\ reported only when the assets are sold.

image text in transcribed

The annual flows of earnings on foreign assets are reported in a country's current account, whereas the principal amounts (ie, the investment amounts) of financial assets traded between a country's residents and the rest of the world are: not reported. reported in the country's capital/financial account balance. considered to be part of the country's transactions in official reserve assets. O reported only when the assets are sold.

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

Step: 3

blur-text-image

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

Fundamental Accounting Principles

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

20th Edition

1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870

More Books

Students also viewed these Accounting questions

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago

Question

Describe the basic control process. AppendixLO1

Answered: 1 week ago

Question

Describe who leaders are and what effective leaders do. AppendixLO1

Answered: 1 week ago