Australian official reserves are
A) equal to the government's holdings of gold.
B) equal to the value of the government's oil reserves.
C) equal to the balance on the capital and financial account.
D) equal to the value of Commonwealth government debt in the hands of foreigners.
E) the government's holdings of foreign currency.
Correct Answer:
Verified
Q1: Q5: When the Australian capital and financial account Q7: Suppose that the Australian government acquires more Q10: There are three balance of payments accounts. Q12: The reserve assets account contains data on Q30: When the government increases the level of Q31: If the current account balance is -$100 Q34: In a year,if foreigners invest _ in Q37: The government's holdings of foreign currency is Q39: Between 1983/84 and 2013/14,Australia
A)
A)had a current account
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