Ask Question
19 February, 13:14

Suppose the balance on the current account is + $50 billion and the balance on the capital account is + $1 billion. The balance on the financial account is

+5
Answers (1)
  1. 19 February, 17:07
    0
    -$49 billion

    Explanation:

    The balance on the financial account = capital account balance - current account balance = $1 billion - $50 billion = - $49 billion

    The balance of payments (BOP) = current account balance + financial account balance + capital account balance

    since BOP is always $0, then:

    capital account balance = current account balance + financial account balance

    $1 billion = $50 billion - $49 billion
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose the balance on the current account is + $50 billion and the balance on the capital account is + $1 billion. The balance on the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers