What is the official settlement balance?
The international transactions of a country for a given year are reported in the table below.
Transaction Amount (billions of dollars)
Exports of goods and services 100
Imports of goods and services 130
Transfers to the rest of the world 20
Loans to the rest of the world 60
Loans from the rest of the world ?
Increase in official reserves 10
Net interest income 0
a) What is the official settlement balance?
b) What is the amount of loans from the rest of the world?
c)What is the current account balance?
d)What is the capital account balance?