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Based on the Following Information from a Balance of Payments

Question 110

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 = $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


A) $3 billion
B) $2 billion
C) $1 billion
D) -$1 billion

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