Which one of the following transactions would appear as a debit in the current account of the Canadian balance of payments?
A) A Canadian subsidiary exports raw materials to its Dutch parent company.
B) The Arabian Capital Investment Corporation makes a loan to a Canadian firm.
C) Canadian tourists in France purchase cases of wine.
D) Canadians receive dividends on U.S. investment in Latin America.
E) The Bank of Canada purchases euros to hold in its official reserves.
Correct Answer:
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