Which of the following events would not be recorded in the U.S.balance ofpayments?
A) The money supply of a foreign nation increases.
B) Oxfam America, a U.S.relief agency, sends food to drought victims in subSaharan Africa.
C) Oxfam America, a U.S.relief agency, sends farm equipment to drought victims in subSaharan Africa.
D) The Pentagon stations troops in Saudi Arabia.
E) PepsiCola sends its soft drink to Russia; in return, the United States gets Stolichnaya vodka.No money
Changes hands.
Correct Answer:
Verified
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B)trade
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