Question

he nation of Pecunia had a current account deficit of ​$ billion and a nonreserve financial account surplus of ​$ million in 2014. a. What was the balance of payments of Pecunia in that​ year? The balance of payments of Pecunia was ​$ nothing million. ​(Enter your response as an integer and make sure to insert the negative sign if​ necessary.)

Answer 1

Answer: -$500,000,000

Explanation:

The Balance of payment is an account that shows the difference between the money coming into a country as a result of transactions with other nations and money going out for the same reason.

Given the figures in the question, the Balance of Payments is;

= Current Account balance + Nonreserve financial account balance

= -1,000,000,000 + 500,000,000

= -$500,000,000