Debit entries on the Balance of Payments are the entries that would
A)mean a loss of foreign exchange.
B)bring foreign exchange into the country.
C)indicate a surplus exists.
D)exist at the bottom line after all accounts are totaled.

Question

Quizplus · Accepted Answer

Debit entries on the Balance of Payments indicate a loss of foreign exchange as they represent payments made by domestic residents to foreign entities, such as imports of goods and services, payment of dividends and interest to foreign investors, and transfers abroad.

Debit Entries on the Balance of Payments Are the Entries