IncorrectQuestion 6Holding 1,000 shares of Citibank listed in the New York Stock Exchange, a kiwipension fund in Auckland received the dividend income of US$510 in February 2021.In September 2021, the pension fund liquidated its holding of Citibank's stock andinvested that amount in Fonterra's shares listed in the New Zealand Stock Exchange.These transactionsthe U.S. current account andthe NZ financialaccount.O improve; improveO worsen; worsenimprove; worsenworsen; improve

Outflow of funds will result in worsening of account and inflow of funds will result in improvement…

Answered: Holding 1,000 shares of Citibank listed…

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

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