Transactions between Hong Kong (whose currency is the Hong Kong dollar HK$) and the rest of the world are shown below.

1. British citizens spend HK$15 million while touring Hong Kong.
2. CCX (Hong Kong firm) sells HK$5 million worth of computer software abroad.
3. Hong Kong citizens invest HK$20 million in Japan.
4. Hong Kong government purchases HK$12 million worth of foreign treasury securities.
5. MJK(Hong Kong company) buys HK$8 million worth of steel from US companies.
6. Hong Kong governmentsellsHK$10 million worth of gold to the US federal reserve.
7. Hong Kong businesses receive HK$14 million in dividends from overseas investments.
8. Hong Kong sends HK$6 million in aid to Haiti.
9. MNO (Spanish firm) purchases a manufacturing plant in Hong Kong for HK$2 million.

**Find Hong Kong's balance of trade.

***Find the capital account balance (in millions of HK$).

-30

-16

18

none of the above

**Find Hong Kong's current accountbalance.

**Hong Kong's capital account balance suggests that it is a net supplier of capital to the rest of the world.

True

False