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Which of the Following Would Be Represented as a Debit

Question 48

Multiple Choice

Which of the following would be represented as a debit item in the Canadian balance of payments?  


A)  Canadian companies purchase cars from Italy. 
B)  Canadian companies sell beef to Israel. 
C)  The Canadian government receives transfers from foreign governments to support Canadian expenses incurred in Europe. 
D)  Canadian residents receive gifts of money from friends abroad.

Correct Answer:

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