If the balance on the current account is $8.42 billion and the balance on the financial account is $7.53 billion, what is the balance on the capital account, assuming no statistical discrepancy? A) $0 billion B) $0.89 billion C) -$0.89 billion D) -$15.95 billion

If the balance on the current account is $8.42 billion and the balance on the financial account is $7.53 billion, what is the balance on the capital account, assuming no statistical discrepancy? A) $0 billion B) $0.89 billion C) -$0.89 billion D) -$15.95 billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Give correct answer with short explanation

If the balance on the current account is $8.42 billion and the balance on the financial
account is $7.53 billion, what is the balance on the capital account, assuming no
statistical discrepancy?
A) $0 billion
B) $0.89 billion
C) -$0.89 billion
D) -$15.95 billion

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