Suppose the current account shows debits of $5.3 billion and credits of $4.7 billion.The current account balance is ________,and the capital and financial 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, resulting in -$0.6 billion. The capital and financial account balance is the opposite, +$0.6 billion, to maintain the balance of payments.

Suppose the Current Account Shows Debits of $5