Ask Question
19 December, 14:55

Based on the following information, what is the balance on the financial account? Exports of goods and services = $5 billion Imports of goods and services = $3 billion Net income on investments = - $2 billion Net transfers = - $2 billion Increase in foreign holdings of assets in the United States = $4 billion Increase in U. S. holdings of assets in foreign countries = - $1 billion

+2
Answers (1)
  1. 19 December, 16:51
    0
    3 billion

    Explanation:

    the financial account will be the cash inflow less the cash outflow:

    Increase in foreign holdings of assets in the United States = $4 billion Increase in U. S. holdings of assets in foreign countries = - $1 billion

    4 billion of dollar enter the US from aboard while 1 billion left the country with destination aboard in total the financial account will be:

    4 billion - 1 billion = 3 billion
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Based on the following information, what is the balance on the financial account? Exports of goods and services = $5 billion Imports of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers