Which of the following will be recorded as a credit entry in the U.S.balance of trade in merchandise account?
A)A U.S.car manufacturer selling a car to a resident of India
B)A French wine manufacturer selling wines to a distributor in Seattle
C)A U.S.investor investing in Japanese stocks
D)A U.S.steel manufacturer importing iron ore from Zambia
E)A U.S.resident buying diamonds from a diamond manufacturer in Kenya

Question

Quizplus · Accepted Answer

When a U.S. car manufacturer sells a car to a resident of India, it is an export, which is recorded as a credit entry in the U.S. balance of trade in merchandise account.

Which of the Following Will Be Recorded as a Credit