Tony,a U.S.citizen,uses some previously obtained Portuguese currency (escudo) to purchase a bond issued by a Portuguese company.This transaction
A) increases U.S.net capital outflow by more than the value of the bond.
B) increases U.S.net capital outflow by the value of the bond.
C) does not change U.S.net capital outflow.
D) decreases U.S.net capital outflow.
Correct Answer:
Verified
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