Based on the Following Information, What Is the Balance on the Current

question 64

Multiple Choice

Based on the following information, what is the balance on the current 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 Canada = $4 billion
Increase in Canadian holdings of assets in foreign countries = -$1 billion

• A)-$2 billion
• B)$1 billion
• C)$2 billion
• D)$3 billion
• E)$4 billion

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