Based on the Following Information from a Balance of Payments

Multiple Choice

Based on the following information from a balance of payments table,what is the balance on the financial account? Exports of goods and services = $12 billion
Imports of goods and services = $14 billion
Net income on investments = -$4 billion
Net transfers = -$1 billion
Increase in foreign holdings of assets in the United States = $5 billion
Increase in U.S.holdings of assets in foreign countries = -$3 billion

A) $8 billion
B) $2 billion
C) $1 billion
D) -$1 billion