Assume that the balance-of-payments accounts for a country are recorded correctly. The results are:
balance on the current account = BCA = $130 billion
balance on the capital account = BKA = -$86 billion
balance on the reserves account = BRA = ?
-The balance on the reserves account (BRA) ,under the fixed exchange regime is:
A) -$44 billion
B) $44 billion
C) $216 billion
D) $0 billion
Correct Answer:
Verified
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