Which of the following would be recorded as a credit in the U.S.current account?

Question

Quizplus · Accepted Answer

A credit in the current account represents an inflow of funds into the domestic economy from abroad. Exporting goods and services is one way to earn foreign currency, which can be recorded as a credit in the current account. In this case, the United States exports $5 million in corn to Canada, which would result in a credit in the current account.

Which of the Following Would Be Recorded as a Credit