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lmalma lmalma
wrote...
Posts: 491
3 years ago
The following table summarises part of a country's balance of payments account:

Credits (£m)Debits (£m)
Trade in goods and services10001200
Income flows and current transfers 400 100
Capital transfers 100  50
The current account balance is a

▸ surplus of £150m.

▸ deficit of £150m.

▸ surplus of £100m.

▸ deficit of £200m.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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wrote...
3 years ago
surplus of £100m.
wrote...
3 years ago
The following table summarises part of a country's balance of payments account:

Credits (£m)Debits (£m)
Trade in goods and services10001200
Income flows and current transfers 400 100
Capital transfers 100  50
Assuming that net errors and omissions are zero, the balance on the financial account will be

▸ surplus of £250m.

▸ surplus of £50m.

▸ surplus of £150m.

▸ deficit of £50m.
wrote...
3 years ago
surplus of £150m.
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