Suppose the U.S. balance of payments in 2000 was equal to the following.
a.What is the balance on the current account?
b.What is the balance on the capital account?
c.What is the balance of payments?
Definitions:
Deposit
The act of placing money into a financial institution for safekeeping or as a way to earn interest.
Rate Of Return
The appreciation or depreciation of an investment's value within a selected period, stated as a percentage of the investment's outset value.
Lottery Winnings
Money or prizes won through a system of random drawing or chance.
Annual Payments
The amounts that need to be paid once every year as part of a financial obligation.
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