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420 Fall 2020-2021 uestion 7 ot yet answered Farked out of 1.00 Flag question Consider...

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420 Fall 2020-2021 uestion 7 ot yet answered Farked out of 1.00 Flag question Consider the following hypothetical transactions in the Saudi BoP: 1- Saudi people spent SAR 25 million on health care, education and tourism in foreign countries. 2- Foreign investors bought SAR 35 million worth of Saudi stocks. 3- Foreign investors in Saud Arabia transferred SAR 25 million of their investment income to their countries 4- Saudi investors in foreign countries transferred SAR 20 million of their investment income back home to Saudi Arabia. 5- Saudi investors purchased SAR 50 million worth of shares of Apple stock. 6- Exports of Saudi goods SAR 100 million. 7- Saudi car dealers purchased SAR 15 million worth of cars from USA 8- Saudi investors in Europe decided to sell some of their assets worth of SAR 22 million, and to invest half of the sale proceeds in Saudi Arabia and the other half in the USA. The balance on the capital account (BKA) will equal: Select one: a. SAR 16 million Surplus b. SAR 4 million Deficit C. SAR 9 million Surplus d. SAR 9 million Deficit

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