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    Question

    What will be the Balance of Payment in the above

    table?     
    A $45,000 Correct Answer Incorrect Answer
    B $75,000 Correct Answer Incorrect Answer
    C $35,000 Correct Answer Incorrect Answer
    D $20,000 Correct Answer Incorrect Answer

    Solution

    Balance of Payments = Balance of current account + Balance of capital account +  Balance of financial account        = -$70,000+$45,000+$60,000           = $35,000

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