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

question 186

Multiple Choice

Based on the following information, what is the balance of the current account? Exports of goods and services = $12 billion
Imports of goods and services = $14 billion
Net income on investments = -$4 billion
Net transfers = -$1 billion
Increase in foreign holdings of assets in Canada = $6 billion
Increase in Canadian holdings of assets in foreign countries = -$3 billion

• A)-$7 billion
• B)-$3 billion
• C)-$2 billion
• D)$1 billion
• E)$3 billion