A U.S. tourist travels to Italy and spends $900 during the trip. How is this activity recorded in the U.S. current account?
A) Unilateral transfers account is credited for $900.
B) Unilateral transfers account is debited for $900.
C) Merchandise account is credited for $900.
D) Services account is debited for $900.
E) Merchandise account is debited for $900.
Correct Answer:
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