Which of the following transactions is a debit in the current account?
A) export of merchandise
B) export of services
C) gift to foreigners
D) foreign bond purchase

Name: Which of the following transactions is a debit in the current account? A) export of merchandise B) export of services C) gift to foreigners D) foreign bond purchase
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Question

Quizplus · Accepted Answer

A gift to foreigners is a debit in the current account because it represents a transfer of resources out of the country without receiving anything in return.

Which of the Following Transactions Is a Debit in the Current