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:

Personal Skill

An individual's ability or expertise in a specific area that contributes to their effectiveness in personal or professional settings.

Delegatee's Performance

The execution of delegated tasks or duties by the appointed individual or entity.

Special Trust

A fiduciary relationship or arrangement in which one party holds property or assets for the benefit of another party, marked by a particular purpose or objective.

Intended Beneficiary

A person or entity that is specifically designated to benefit from a contract, trust, or estate, even though they are not a direct party to the agreement.