Based on the following information, what is the balance on the ...

[nautica902]

Based on the following information, what is the balance on the financial account?
 
  Exports of goods and services = 5 billion
  Imports of goods and services = 3 billion
  Net income on investments = -2 billion
  Net transfers = -2 billion
  Increase in foreign holdings of assets in the United States = 4 billion
  Increase in U.S. holdings of assets in foreign countries = -1 billion
 
  A) 3 billion B) 2 billion C) 1 billion D) -1 billion

Question 2

Bank reserves include
 
  A) vault cash and loans to bank customers.
  B) vault cash and deposits with the Federal Reserve.
  C) customer checking accounts and vault cash.
  D) deposits with the Federal Reserve and holdings of securities.
  E) loans to bank customers and deposits with the Federal Reserve.

[JYan]

Answer to Question 1

A

Answer to Question 2

B

[nautica902]

Thanks for the timely response, appreciate it

[adf223]

YES! Correct, THANKS for helping me on my review