Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Two countries reported the following Balance of Payments related figures in Millions Euros Country A Country B Portfolio Investments 750 6500 Exports Goods 16250 8250

image text in transcribed
Two countries reported the following Balance of Payments related figures in Millions Euros Country A Country B Portfolio Investments 750 6500 Exports Goods 16250 8250 Current Transfers 275 -550 Service Exports 9250 4000 Income 340 280 Foreign Direct 1750 4250 Investment Imports Goods -6900 - 12500 Other Investments 325 5750 Service Imports 4250 6250 Capital Account 0 0 Net Errors & 0 0 Omissions 1. CALCULATE for both countries and write only your final answer Balance of Trade Current Account Balance Capital & Financial Account Balance Balance of Payments 2. From current account point of view which country is better off? 3. From Balance of payments point of view which country is better off? 4. If we assume that Country Ahad reserve assets of 22.000 in the previous year calculate what will be its reserve assets by end of the current year

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_2

Step: 3

blur-text-image_3

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

For Investing And Earning In The Digital Currency Market Simple Bitcoin

Authors: Marco Cavicchi ,Easy E-Book

1st Edition

979-8395459732

More Books

Students also viewed these Finance questions

Question

Azure Analytics is a suite made up of which three tools?

Answered: 1 week ago