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Suppose Jaffe's Exports Equal $50 Billion, Its Purchases of Foreign

Question 33

Multiple Choice

Suppose Jaffe's exports equal $50 billion, its purchases of foreign assets equal $200
Billion, and foreign purchase of Jaffe's assets equal $100 billion. What is Jaffe's balance on its capital account?


A) $100 billion
B) -$100 billion
C) $150 billion
D) -$150 billion

Correct Answer:

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