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Based on the following information, what is the balance of the financial 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 = $5 billion
Increase in Canadian holdings of assets in foreign countries = -$3 billion
Responsive Pleading
A legal document filed in response to an initial complaint, addressing and contesting the points raised.
Motion to Dismiss
A legal request submitted to a court, asking to dismiss a particular case for specific reasons before going to trial.
Discovery
Formal investigation prior to trial. Opposing parties use various methods, such as interrogatories and depositions, to obtain information from each other and from witnesses to prepare for trial.
Counterclaim
A legal claim brought against the plaintiff by the defendant within the same lawsuit.
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