Suppose the current account shows debits of $4.7 billion and credits of $5.3 billion.The current account balance is ________,and the capital account balance is ________.
A)+$0.6 billion;-$0.6 billion
B)+$0.6 billion;+$0.6 billion
C)-$0.6 billion;-$0.6 billion
D)-$0.6 billion;+$0.6 billion

Question

Quizplus · Accepted Answer

The current account balance is calculated as credits minus debits, which in this case is $5.3 billion - $4.7 billion = $0.6 billion surplus. The capital account balance is the opposite of the current account balance, so it is -$0.6 billion. Option A is the only choice that has both of these values.

Suppose the Current Account Shows Debits of $4