The following Table 1 is the balance of payment for Malaysia in the year 2019. Table 1 Items RM (million) Exports of goods 95,750 Import of goods 98,230 Transportation 93 Nett transfer 350 Errors and omissions 750 Official long-term capital (net) 630 Freight and insurance -4,255 Other Services 1,550 Travel 655 Investment Income Corporate investment (nett) Private short-term capital (nett) -5,525 9,200 3,215 Based from the Table 1, calculate the following: a. Service account balance. b. Balance in current account. c. Capital account balance. d. Overall balance.
The following Table 1 is the balance of payment for Malaysia in the year 2019. Table 1 Items RM (million) Exports of goods 95,750 Import of goods 98,230 Transportation 93 Nett transfer 350 Errors and omissions 750 Official long-term capital (net) 630 Freight and insurance -4,255 Other Services 1,550 Travel 655 Investment Income Corporate investment (nett) Private short-term capital (nett) -5,525 9,200 3,215 Based from the Table 1, calculate the following: a. Service account balance. b. Balance in current account. c. Capital account balance. d. Overall balance.
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter7: Financial Activities
Section: Chapter Questions
Problem 2EIC
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![The following Table 1 is the balance of payment for Malaysia in the year 2019.
Table 1
Items
RM (million)
Exports of goods
95,750
Import of goods
98,230
Transportation
93
Nett transfer
350
Errors and omissions
750
Official long-term capital (net)
630
Freight and insurance
-4,255
Other Services
1,550
Travel
655
Investment Income
-5,525
Corporate investment (nett)
9,200
Private short-term capital (nett)
3,215
Based from the Table 1, calculate the following:
a. Service account balance.
b. Balance in current account.
c. Capital account balance.
d. Overall balance.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc683de04-935c-4b7f-83e7-a427104983c4%2F341f19ea-0e5b-4476-b7b3-b2328627fa60%2Fs1zzynj_processed.png&w=3840&q=75)
Transcribed Image Text:The following Table 1 is the balance of payment for Malaysia in the year 2019.
Table 1
Items
RM (million)
Exports of goods
95,750
Import of goods
98,230
Transportation
93
Nett transfer
350
Errors and omissions
750
Official long-term capital (net)
630
Freight and insurance
-4,255
Other Services
1,550
Travel
655
Investment Income
-5,525
Corporate investment (nett)
9,200
Private short-term capital (nett)
3,215
Based from the Table 1, calculate the following:
a. Service account balance.
b. Balance in current account.
c. Capital account balance.
d. Overall balance.
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