If a U.S. firm borrows from an American bank and then converts that money to euros to buy French wine, it will be accounted for as a(n) :
A) subtraction from the U.S. capital account.
B) addition to the U.S. current account.
C) subtraction from the U.S. current account.
D) addition to the U.S. capital account.
Correct Answer:
Verified
Q46: If the United States sends money to
Q47: In 2015, the United States had a
Q48: (Table) The current account balance is:
Q49: If Eddie travels to New Zealand, his
Q53: (Table) The balance of trade is:
Q54: The balance of trade is included in
Q55: In 2015, U.S. exports totaled about:
A) $2,200
Q56: If a Japanese mutual fund buys a
Q84: The balance on income equals
A) income payments
Q215: Payments to the United States comprise income
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents