7) Assume that the balance-of-payments accounts for a country are recorded correctly. Balance on the...
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7) 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 regime A) -BCA - BKA. B) BCA =-BRA=0. C) BKA =-BRA. D) BSA = BCA
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