A family from Peru eats in a restaurant in Salt Lake City. In the accounting for U.S. international transactions, this transaction would appear in the _____, and it would be entered as a payment _____ foreigners.

Question

Quizplus · Accepted Answer

The transaction of a family from Peru eating in a restaurant in Salt Lake City falls under the current account in the U.S. international transactions, as it involves the exchange of goods and services. It would be entered as a payment from foreigners, as the family from Peru is making the payment to the U.S. restaurant. Therefore, the correct choice is option A.

A Family from Peru Eats in a Restaurant in Salt