When the U.S.ships food aid to a developing nation,the U.S.debits:
A) secondary income
B) services
C) financial account
D) official reserves

Name: When the U.S.ships food aid to a developing nation,the U.S.debits: A) secondary income B) services C) financial account D) official reserves
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The U.S. debits secondary income because food aid is a transfer payment, which is recorded in the secondary income account of the current account in the balance of payments.