Suppose BHP Billiton purchases a gold mine in Canada. This purchase is entered into which of the balance of payments accounts?
A) The trade account.
B) The current account.
C) The purchases account.
D) The reserve assets account.
E) The capital and financial account.
Correct Answer:
Verified
Q1: Q2: The reserve assets account is the record Q3: When a German company purchases an Australian Q5: When the Australian capital and financial account Q7: Suppose that the Australian government acquires more Q8: Foreign investment in Australia and Australian investment Q9: Q10: There are three balance of payments accounts. Q11: The trade between countries is recorded in Q43: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
