Using the table below, calculate the following:
• current account balance
• the capital and financial account balance
• the official settlements account balance
Homework Answers
1) current account balance
= (Exports - imports) + ( investment aboroad - foreign investment in ) + net Interest income + net transfers
= 1500-1200+7-10
= 300-3
= 297
2) capital & financial account
= Investment by foreign country - investment in foreign country
= 1000-7
= 993
3) official settlement account balance
= -(current account + capital account + statistical discrepancy)
= -(297+993-20 )
= -1270
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