Consider the following information: Imports $220.5 Net income from foreign investments 53.4 Foreign investments in U.S. 6.4 Government spending abroad 5.6 Exports 170.7 U.S. investments abroad 24.5 Foreign securities bought by U.S. 5.0 U.S. securities bought by foreigners 2.9 Purchase of short-term foreign securities 7.0 Foreign purchases of U.S. short-term securities 9.6 Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place. Balance on current account: $ Balance on capital account: $
Consider the following information: Imports $220.5 Net income from foreign investments 53.4 Foreign investments in U.S. 6.4 Government spending abroad 5.6 Exports 170.7 U.S. investments abroad 24.5 Foreign securities bought by U.S. 5.0 U.S. securities bought by foreigners 2.9 Purchase of short-term foreign securities 7.0 Foreign purchases of U.S. short-term securities 9.6 Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place. Balance on current account: $ Balance on capital account: $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Consider the following information:
| Imports | $220.5 |
| Net income from foreign investments | 53.4 |
| Foreign investments in U.S. | 6.4 |
| Government spending abroad | 5.6 |
| Exports | 170.7 |
| U.S. investments abroad | 24.5 |
| Foreign securities bought by U.S. | 5.0 |
| U.S. securities bought by foreigners | 2.9 |
| Purchase of short-term foreign securities | 7.0 |
| Foreign purchases of U.S. short-term securities | 9.6 |
Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place.
Balance on current account: $
Balance on capital account: $
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