When calculating the balance of payments, credit (or [+] entries) are made, EXCEPT whenever which of the following occurs?
A) a domestic firm signs a contract to buy half of a foreign company headquartered overseas
B) there is a trade surplus
C) a domestic firm sells bonds to a foreign firm
D) other nations come to the aid of starving residents by gifts of cash, food, and medicine
Correct Answer:
Verified
Q95: Suppose that an Austrian buys a car
Q96: Whenever there is an outflow of funds
Q97: The balance of payments for any nation
Q98: Double-entry accounting dictates that:
A) transactions be entered
Q99: When a domestic investor buys a foreign
Q101: By the rules of double-entry accounting applied
Q102: A nation that has a surplus in
Q103: The balance on intervention and other government-initiated
Q104: From 1970-2008, the U.S. current account moved
Q105: Current account is the difference between:
A) gross
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