Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of $10 billion, and a balance on the current account of −$200 billion. The balance on the capital and financial account will be: a. $10 billion. b. $50 billion. c. $200 billion. d. −$200 billion.
Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of $10 billion, and a balance on the current account of −$200 billion. The balance on the capital and financial account will be: a. $10 billion. b. $50 billion. c. $200 billion. d. −$200 billion.
Chapter21: International Cash Management
Section: Chapter Questions
Problem 3BIC
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Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of $10 billion, and a balance on the current account of −$200 billion. The balance on the capital and financial account will be: a. $10 billion. b. $50 billion. c. $200 billion. d. −$200 billion.
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