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

question 163

Multiple Choice

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

• A)$8 billion
• B)$2 billion
• C)$1 billion
• D)-$1 billion
• E)-$2 billion

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