If the balance on the current account is $842 billion and the balance on the financial account is -$603 billion, what is the balance on the capital account, assuming no statistical discrepancy?
A)$1,445 billion
B)$842 billion
C)$239 billion
D)$0
E)-$239 billion

Question

Quizplus · Accepted Answer

The balance on the capital account is the negative of the sum of the current account and financial account balances when there is no statistical discrepancy. Thus, it is -$239 billion ($842 billion - $603 billion).

If the Balance on the Current Account Is $842 Billion