definition?! (1 Viewer)

mandalay

cortigiana onesta
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HSC
2005
can anyone give me a definition for: 'net foreign liabilities'?

its not in my textbook nor can i find it on the internet.

thanks!!
 

HayleeKate

Member
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Mar 3, 2005
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Location
Annandale
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HSC
2005
Net foreign liabilities refer to the total financial obligations of Australians to foreigners, minus the obligations of foreigners to Australians.
It's from HSC Economics Model Answer Series: Australia's Place in the Global Economy, Topic 2, by Leading Edge Education. Its from Question 2, (a).

Not a bad textbook, there's a book for every HSC topic, and its got HSC style questions and perfect answers to them, suss it out if you're looking for a good study tool, I rate it.
 

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