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Which of the Following Capital Transaction Items Is Entered as a Debit

Question 10

Multiple Choice

Which of the following capital transaction items is entered as a debit in the U.S. balance of payments?


A) A U.S.resident transfers $100 from his account at Credit Suisse in Basel (Switzerland) to his account at a San Francisco branch of Wells Fargo Bank.
B) A French resident transfers $100 from his account at Wells Fargo Bank in San Francisco to his Credit Suisse account in Basel.
C) A U.S.resident sells his IBM stock to a French resident.
D) A U.S.resident sells his Credit Suisse stock to a French resident.

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