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

question 268

Multiple Choice

Based on the following information,what is the balance on 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 the United States = $5 billion
Increase in U.S.holdings of assets in foreign countries = -$3 billion

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

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