What was the american net international investment position

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Suppose that at the beginning of 2019, American holding of foreign assets consists of 100 shares of European corporate stock, with each share having a value of 1 euro. Moreover, suppose that the rest of the world holds $400 of U.S. government bonds. Finally, the exchange rate at the beginning of the year is $1.5 per euro. What was the American net international investment position at the beginning of 2019?

Reference no: EM132440715

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