Ask Question
BusinessBusiness
3 December, 03:41

If the balance on the current account is $346 billion and the balance on the financial account is - $204 billion, what is the balance on the capital account, assuming no statistical discrepancy?

+3
Answers (1)
  1. 3 December, 03:52
    0
    The balance on the capital account=-$142 billion

    Explanation:

    The formula for determining the balance on the capital account can be expressed as;

    CU+FA+CA+SD=0

    where;

    CU=balance on the current account

    FA=balance on the financial account

    CA=balance on the capital account

    SD=statistical discrepancy

    In our case;

    balance on the current account=$346 billion

    balance on the financial account=-$204 billion

    balance on the capital account=unknown=c

    statistical discrepancy=0

    replacing;

    346 + (-204) + c+0=0

    142+c=0

    c=-142

    The balance on the capital account=-$142 billion
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the balance on the current account is $346 billion and the balance on the financial account is - $204 billion, what is the balance on ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $49,000, and it estimates that 5% will be uncollectible.
Answers (1)
For what purpose does the constitution give congress the power to regulate bankruptcy? a. to finance projects that current revenues cannot cover b. to establish uniform procedures for dealing with insolvent debtors c.
Answers (1)
Mary and Jeff entered into a partnership agreement. However, the agreement didn't state how income and losses would be divided. The law states that income will be divided A. Equally B. According to investments C. According to abilities D.
Answers (2)
When markets and governments decide how wealth, money, and goods and services are distributed, what basic economic question are they answering?
Answers (1)
Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 3,400 tons in beginning work in process inventory (80% complete) on October 1. During October, 55,900 tons were completed.
Answers (1)
New Questions in Business
If Tommy started work at 7 a. m. and left at 2:45p. m., how many hours should he record for the day on his time card?
Answers (2)
Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due).
Answers (1)
Areas set up to attract foreign investments by allowing the iportation of raw and intermediate materials without paying tariffs are called
Answers (1)
The Wheeler-Lea Act empowered the FTC to regulate the advertising of food and drugs. It declared all misleading, unfair, or deceptive practices to be illegal, regardless of injury to competition. a. True b. False
Answers (1)
Along with higher return comes
Answers (1)
Home » Business » If the balance on the current account is $346 billion and the balance on the financial account is - $204 billion, what is the balance on the capital account, assuming no statistical discrepancy?
Sign Up Forgot Password?