If the current account balance has a $70 million deficit and there was no change in official reserves during that year, then we know that
A) the capital and financial account balance must have a $70 million surplus.
B) the capital account balance must have a $70 million deficit.
C) net transfers were -$70 million.
D) the balance of payments must register a $70 million surplus.
E) the official settlements account balance must have a $70 million surplus.
Correct Answer:
Verified
Q8: Foreign investment in Australia and Australian investment
Q9: Q10: There are three balance of payments accounts. Q11: The trade between countries is recorded in Q12: The reserve assets account contains data on Q14: Interest received from Australian holdings of foreign Q15: The value of imports and exports is![]()
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