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Q&A Bank Part-3 Q3A.19

P

paryas.bhatia

Member
How is part (v) calculated? How does surplus of 8200 turn deficit?
 
It says in the solutions that the current account, capital account, financial account and net errors and omissions must sum to zero.

Current account = +8,200
Capital account = 0
Financial account = ?
Net errors and omissions = +20

So the financial account must be -8,220.

The difference between this and part (iv) is the change in reserves (which is included in the financial account) and this is what part (vi) is all about.
 
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