In the U.S. balance of payments account for a certain year, a positive number in the financial account means a
A)net buildup of assets held by the U.S.
B)net reduction in the ownership of assets by U.S. interests.
C)buildup of total foreign debt.
D)reduction of total foreign debt.

Question

Quizplus · Accepted Answer

A positive number in the financial account typically indicates a net reduction in the ownership of domestic assets by U.S. interests, as it means more assets are being sold to foreigners than are being bought by U.S. residents from abroad.

In the US Balance of Payments Account for a Certain Year, a Year