Calculate what is the change in reserves

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Reference no: EM13212989

Practice with the balance of payments: Current account = Capital account + Change in official reserves a. Current account = $10, Capital account = $15

a. What is the change in reserves?

b. Current account = $10, Change in reserves = $3. What is the capital account?

c. Your college expenses = $12,000, Income from your barista job = $4,000. What is your current account? If you haven't changed your reserves (i.e., cash savings) at all, what is the capital account (i.e., borrowing from parents or bank)?

Reference no: EM13212989

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