If Canadian purchases of foreign real estate are $100 million, Canadian purchases of foreign- country bonds are $50 million, foreign purchases of Canadian real estate are $75 million and foreign purchases of Canadian bonds are $35 million, then the capital account balance is equal to million. O a. -$10 Ob. - $40 O c. + $40 O d. - $90 O e. + $90

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter19: International Finance And The Foreign Exchange Market
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If Canadian purchases of foreign real estate are $100 million, Canadian purchases of foreign-
country bonds are $50 million, foreign purchases of Canadian real estate are $75 million and foreign
purchases of Canadian bonds are $35 million, then the capital account balance is equal to
million.
a. - $10
b. - $40
C. + $40
d. - $90
e. + $90
Transcribed Image Text:If Canadian purchases of foreign real estate are $100 million, Canadian purchases of foreign- country bonds are $50 million, foreign purchases of Canadian real estate are $75 million and foreign purchases of Canadian bonds are $35 million, then the capital account balance is equal to million. a. - $10 b. - $40 C. + $40 d. - $90 e. + $90
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