An American consumer buys a French luxury product in New York. In the U.S. balance of payments accounts, this transaction directly appears in

Name: An American consumer buys a French luxury product in New York. In the U.S. balance of payments accounts, this transaction directly appears in
Brand: Quizplus
Rating: 4.9 (58 reviews)

Question

Quizplus · Accepted Answer

The purchase of the French luxury product by an American consumer is considered an import and will directly appear in the imports part of the current account in the U.S. balance of payments accounts.

An American Consumer Buys a French Luxury Product in New