Question

Given the following Balance of Payment data for a given​ country: Current Account​ Balance: ​$1,400 Capital Account​ Balance: ​$80. What must be the Financial Account​ Balance: ​$nothing. ​(Enter your answer as an integer. Include the minus sign if necessary.​)

Answer 1

$1,320

Explanation:. Calculation to determine what must be the Financial Account​ Balance

Using this formula

Financial Account​ Balance=Current Account​ Balance-Capital Account​ Balance

Let plug in the formula

Financial Account​ Balance=$1,400-$80

Financial Account​ Balance=$1,320

Therefore the Financial Account​ Balance is $1,320