Assume the following to be a portion of the simplified balance of payments statement for a hypothetical country. The values are given in billions of dollars. $400 $300 -$100 $60 Exports Imports Capital Outflows Capital Inflows If the central bank has not changed its holding of foreign-currency reserves during this period, then the capital-service account for this country should be equal to 5 billion

MACROECONOMICS
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ISBN:9781337794985
Author:Baumol
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Chapter19: The International Monetary System: Order Or Disorder
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Assume the following to be a portion of the simplified balance of payments statement for a hypothetical country. The values are given in billions of dollars.
$400
$300
-$100
$60
Exports
Imports
Capital Outflows
Capital Inflows
If the central bank has not changed its holding of foreign-currency reserves during this period, then the capital-service account for this country should be equal to S
billion
Transcribed Image Text:Assume the following to be a portion of the simplified balance of payments statement for a hypothetical country. The values are given in billions of dollars. $400 $300 -$100 $60 Exports Imports Capital Outflows Capital Inflows If the central bank has not changed its holding of foreign-currency reserves during this period, then the capital-service account for this country should be equal to S billion
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