medium · Corporate Credit Analysis cca-core

A sovereign analyst is calculating the 'Net External Debt' for a country. The country has $200B in gross external debt. The central bank holds $80B in foreign reserves, and local private firms hold $40B in external assets.

What is the Net External Debt?

  1. $120B
  2. $80B
  3. $320B
  4. $200B

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