The eurozone exports 300 of goods and receives payment in, Financial Management

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The eurozone exports 300 of goods and receives payment in

The Eurozone exports €300 of goods and receives payment in the form of foreign demand deposits abroad and imports €225 of goods and pays for them by drawing down its foreign demand deposits

The above transactions (expressed in € billions) take place during a year. Calculate the Eurozone merchandise-trade, current-account, financial-account, and official reserves balances.

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