In one year the United States had a current account deficit of $461 billion. The balance on the capital account was −$8 billion. What was the balance on the financial account?

Question

Quizplus · Accepted Answer

The balance on the financial account is the opposite of the sum of the current account and capital account balances. Therefore, it is +$469 billion ($461 billion current account deficit + $8 billion capital account deficit = $469 billion financial account surplus).

In One Year the United States Had a Current Account