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Transactions between Japan and the rest of the world are shown below. Use the following information to answer the next two questions. American companies purchase
Transactions between Japan and the rest of the world are shown below. Use the following information to answer the next two questions.
- American companies purchase 100 million yen worth of Japanese produced computer parts.
- Japanese citizens spend 20 million yen in tuition at Canadian universities.
- Japan sends 5 million yen in aid to Africa.
- Japanese citizens purchase 12 million yen worth of stock in American companies.
- Japanese bankers receive 3 million yen in interest payments from foreign investors.
- Japanese government purchases 66 million yen worth of US government debt obligations.
Find Japan's balance of trade (in millions of yen).
- 75
- 78
- 80
- 73
QUESTION 11
Find Japan's official reserve account balance (in millions of yen)
- -45
- -71
- -66
- 0
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