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Classify Each of the Following as Debits or Credits in the Canadian

Question 103

Short Answer

Classify each of the following as debits or credits in the Canadian balance of payments.
A.Canadians buy chocolate from the Swiss.
B.Canada gives foreign aid to Bosnia.
C.British investors purchase Canadian government bonds.
D.Canadian tourists travel to Australia.
E.Volkswagen earns profits in Canada from its new cars.
F.Toyota builds a new plant in Ontario.
G.Shania Twain sells concert tickets in Sweden.
H.German consumers buy Ronco Vegematics made in Canada
I.Alcan earns profits in their Gladstone,Australia,facility.
J.Russian tourists travel to Canada.

Correct Answer:

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C,F,G,H,and J are cr...

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