Question

Brentia, an East Asian country, exported goods worth $50 million and imported goods worth $5 million in the last fiscal year. It also provided a loan of $25 million to another country. In this scenario, Brentia most likely had a _____ in the last fiscal year.

Answer 1

Answer:

The answer is favourable balance of payments balance

Explanation:

Balance of payments for Brentia will be net of imports and exports shown by the following;

BOP = Exports - imports

BOP = 50 million + 25 million -5 million = 70 million favourable