Estimatie the Capital Account Balance from the following data.
ItemsUS million $External Assistance (net)606External Commercial Borrowing (net)3,429Short-term Debt69Banking Capital (net) (inclusive of NRI Deposits)−542Foreign Investment (net)38,385Other Flows (net)−3,407
38,540
Capital Account Balance is the sum of these elements.
Capital Account Balance= Net external Assistance + Net External Commercial Borrowings + Short-term debt + Net Banking Capital + Net Foreign Investment + Net Other Flows