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. Exports Imports $1,000 - $750 Capital Outflows - $250 $150 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 $ billion.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter29: International Finance
Section: Chapter Questions
Problem 4P
Question

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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.
Exports
Imports
$1,000
- $750
Capital Outflows
- $250
$150
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 $
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. Exports Imports $1,000 - $750 Capital Outflows - $250 $150 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 $ billion.
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