Economics · Balance of Payments
Calculate the Balance of Payments (BoP) position for a quarter based on the following data: • Visible Trade: Exports = 100 Billion USD, Imports = 140 Billion USD. • Invisibles (Net): Services = +30 Billion USD, Transfers = +20 Billion USD, Income = -10 Billion USD. • Capital Account (Net): FDI = +25 Billion USD, FPI = -5 Billion USD, ECB = +15 Billion USD, NRI Deposits = +5 Billion USD. • Errors and Omissions = -2 Billion USD. Determine the Current Account Balance and the change in Foreign Exchange Reserves.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Current Account = -20 Billion USD; Reserves increase by 18 Billion USD
- 2Current Account = -30 Billion USD; Reserves increase by 10 Billion USD
- 3Current Account = -10 Billion USD; Reserves increase by 28 Billion USD
- 4Current Account = 0; Reserves increase by 38 Billion USD✓
Correct answer
Current Account = 0; Reserves increase by 38 Billion USD
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