Business, 14.04.2020 19:25 jaylenmiller437
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 regimea. BKA=-BRA
b. BCA=-BRA=0
c. BSA=BCA
d. -BCA=BKA
Answers: 2
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Assume that the balance-of-payments accounts for a country are recorded correctly. Balance on the cu...
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