Based on the Following Information,what Is the Balance on the Financial

question 165

Multiple Choice

Based on the following information,what is the balance on the financial 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 the United States = $4 billion
Increase in U.S.holdings of assets in foreign countries = -$1 billion

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

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Definitions:

Process Manufacturing

A production method that involves converting raw materials into finished goods through chemical, biological, or physical transformations, used in industries like chemicals, food, and pharmaceuticals.