If the Current Account Balance Is -$100 Billion,and the Capital

question 97

Multiple Choice

If the current account balance is -$100 billion,and the capital and financial account balance is $80 billion,then the reserve assets account balance is

• A)$180 billion.
• B)-$180 billion.
• C)-$20 billion.
• D)0.
• E)$20 billion.

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Definitions:

Service Charge

Fees charged to customers for specific services or as penalties for not meeting certain criteria.

Note Receivable

A financial asset representing a promise to receive a definite amount of money at one or more specified future dates.

Interest Revenue

Income received from interest-bearing financial assets, such as bonds or savings accounts.

Loss on Sale

The negative financial difference between the sale price of an asset and its book value.