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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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