The Following Table Contains Hypothetical Data for the 2012 U

question 2

Multiple Choice

The following table contains hypothetical data for the 2012 U.S.balance of payments.Answer the question on the basis of this information.All figures are in billions of dollars. $\begin{array}{lrrr} \text { 1) US Goods Exports } & +\$100\\ \text {2) US Goods Imports } &-80\\ \text {3) US Service Exports } &+40\\ \text {4) US Service Imports } &-90\\ \text { 5) Net Investment Income } &+20\\ \text { 6) Net Transfers } &-15\\ \text {7) Foreign Purchases of Assets in the United States } &+30\\ \text {8) US Purchases of Foreign Assets Abroad } &-10\\ \text { 9) Balance on Capital Account } &+5\\\end{array}$
Refer to the given data.Item (6) indicates that:

• A) the United States used $15 billion of its international monetary reserves to balance its international payments.
• B) the United States provided $15 billion of foreign aid to developing nations.
• C) Americans provided a net amount of $15 billion in remittances to the rest of the world.
• D) Americans received a net amount of $15 billion in remittances from the rest of the world.

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