Is the country saver or spender

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Reference no: EM132009371

Assume small island nation in the atlantic has the following balance of payment data, in millions. exports of good $6,760; import of goods $4,000; services credit $60, services debit $920; balance on income $290; net transfer payments -$200. Determine the country's current account balance. if its foreign currency reserve increased by $800 during the year, what might be its capital account balance? Is the country a saver or spender?

Reference no: EM132009371

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