Republic of the Philippines

PARTIDO STATE UNIVERSITY

Goa, Camarines Sur

College of Business and Management

Name of Campus/ College

Activity in
Global Finance with Electronic Banking (FMELECT4)

Name of Student: Angelyn C. Villareal BSBA FM-4B Week No:

Course Code: FMELECT4 Name of Faculty: Camille Bacares
Title: Global Finance with Electronic
Banking

Compute for the current account balance showing your solution.

Given: (figures are in billions of PHP)

Net transfers by PH -PHP 34
PH imports of services PHP 870
PH income receipts PHP 636
PH payments of income PHP 374
PH exports of merchandise PHP 3,150
PH imports of merchandise PHP 3,360
PH exports of services PHP 722

(1) PH exports of merchandise + PHP 3,150

+ (2) PH exports services + 722
+ (3) PH income receipts + 636
- (4) Total PH exports and income receipts - PHP 4, 508
(5) PH imports of merchandise - 3, 360
+ (6) PH imports of service 870
+ (7) PH income payments - 636
- (8) Total imports and income payments - PHP 4, 866
(9) Net transfers by the PH - PHP 34
(10) Current account balance = (4) – (8) – (9) - PHP 392

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