Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The table below shows Delphi's balance - of - payments accounts in millions of dollars. Receipts Payments Balance Current Account Merchandise trade 1 8 5
The table below shows Delphi's balanceofpayments accounts in millions of dollars.
Receipts Payments Balance
Current Account
Merchandise trade
Trade in services
Investment income
Transfers and employee compensation
Capital and Financial Accounts
Capital Account
Financial Account
Direct investment
Portfolio investment
Other financial investments
a Fill in the above table. Enter your responses above rounded to decimal place. For balanceofpayments deficits and surpluses do not enter positive or minus signs. For the balance of trade and changes in official reserves do enter a minus sign in front of any negative value responses.
b Delphi's balance of trade is $
million.
c There is a
surplus
of $
million on Delphi's current account.
There is a
deficit
of $
million on Delphi's capital and financial accounts.
d If the statistical discrepancy in Delphi's balance of payments accounts is $ million, Delphi is running a balance of payments
Click to select
of $
million.
e The change in official reserves that appears in Delphi's balance of payments accounts is $
million, which shows that Delphi's central bank
Click to select
Delphi's own currency and
Click to select
foreign currency in order to keep
Click to select
the value of Delphi's currency.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started