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:

Simplify

To reduce a mathematical expression or problem to its simplest form.

Imaginary Numbers

Numbers that can be represented as a real number multiplied by the imaginary unit, usually denoted as "i," where \(i^2 = -1\).

Simplify

To make something easier to understand, or reduce it to its most basic components.

Perform Operation

The act of executing a particular task or function within a set of procedures or instructions.