Question

Transactions between Great Britian and the rest of the world are shown below. Use the following information to answer the next two questions.

American companies purchase 125 million pounds worth of British produced steel.

British citizens spend 20 million pounds in tuition at Canadian universities.

Britian sends 8 million pounds in aid to Africa.

British citizens purchase 16 million pounds worth of stock in American companies.

British government purchases 34 million pounds worth of Canadian dollars.

British government purchases 50 million pounds worth of US government debt obligations.

British bankers receive 3 million pounds in interest payments from foreign investors.

Find Great Britian’s balance of trade (in millions of pounds).

88

100

94

105

Find Britian’s official resevere account balance (in millions of pounds)

-16

34

-34

-84

 

 

88

 

 

100

 

 

94

 

 

105

Find Britian’s official resevere account balance (in millions of pounds)

 

 

-16

 

 

34

 

 

-34

 

 

-84

 



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