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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Definitions:

Productive Vocabularies

The set of words an individual can actively use in speech or writing, as opposed to passive vocabulary recognized in others' communications.

Speech Sounds

The distinct units of sound, such as phonemes, that are used in a language to convey meaning.

Phonemes

Minimal sound units in a language that serve to distinguish words from each other.

Morphemes

The smallest units of meaning in a language, which can be a word or a part of a word (such as a prefix).