Which of the Following Is the Value of a Country's

question 43

Multiple Choice

Which of the following is the value of a country's external wealth at the end of 2016 if its external wealth was $1 billion at the end of 2015 and its trade balance was $500 million in 2016? Assume the world interest rate is 10% per annum.

• A) $1.5 billion
• B) $1.6 billion
• C) $0.5 billion
• D) $0.6 billion

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