The purchase of French wine by U.S. consumers will be accounted as:
A) a deficit in the services account.
B) a credit in the merchandise account.
C) a debit in the services account.
D) a surplus in the services account.
E) a debit in the merchandise account.

Question

Quizplus · Accepted Answer

The purchase of French wine by U.S. consumers is considered an import of goods, and therefore, it is accounted as a debit in the merchandise account.

The Purchase of French Wine by U