Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 7) assume that the balance-of-payments accounts fo

7) Assume that the balance-of-payments accounts for a country are recorded correctly. Balance on the...

50.1K

Verified Solution

Question

Accounting

image
7) Assume that the balance-of-payments accounts for a country are recorded correctly. Balance on the current account BCA = $130 billion Balance on the capital account =BKA = -$86 billion Balance on the reserves account = BRA = ? In a pure flexible exchange rate regime, a country's central banks will not need to maintain official reserves. Under this regime A) -BCA - BKA. B) BCA =-BRA=0. C) BKA =-BRA. D) BSA = BCA

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You are trying to determine the total cost for XYZ's monthly cash collection system. Your firm...

Finance
Q

A corner of a five-story commercial building resting on a raft foundation settled down a few inches...

Civil Engineering
Q

Which of thefollowing would bean example of anexpense that isNOT "fixed?"A. a rent paymentB. a...

Biology
Q

As shown in the figure the electric field lines on the right have twice the...

Physics
Q

101 9 8 7 6 5 4 3 2 1 F 1 2 3 DC...

Geometry
Q

This is a 2 page document Directions Determine whether the relations are one to one...

Basic Math
Q

14 14 Use the Divergence Theorem to evaluate the surface integral SS F F ds...

Basic Math
Q

Q1 Question 1 26 in text The National Football League NFL is a lucrative business...

Statistics
Q

On January 4, 2021, Runyan Bakery paid $336 million for 10 million...

Accounting
Q

2023 Tax Rate Schedules Individuals Srhedule X_Sinole In 2023 , Jasmine and Thomas, a married...

Accounting
Q

Patricia Johnson, the president of the corporation, cannot understand how two different gross margins can...

Accounting
Q

1.Prepare the journal entry for the following transaction: As a general rule, the organization estimates...

Accounting