Which of the following is a deficit item on the U.S. balance of payments accounts?
A) A U.S. firm sells a product to a Mexican firm.
B) An Italian tourist in Miami purchases a beach ball.
C) A Spaniard buys 100 shares of Ford stock.
D) A U.S. resident buys gold from the Japanese central bank.
Correct Answer:
Verified
Q12: Q15: The largest portion of any nation's current Q16: Q18: A system of accounts that measures the Q19: The agency which functions as a "lender Q21: Official reserve assets include all of the Q22: Current account transactions are payments and gifts Q25: Special drawing rights (SDRs)are Q27: An increase in a country's rate of Q32: Unilateral transfers are![]()
![]()
A)a reserve asset created
A) transactions that take place
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