Which of the following transactions would be included in Japan's current account?
A)A Japanese citizen purchases 50 shares of Google stock.
B)An American citizen purchases 50 shares of Toshiba stock.
C)A Japanese citizen purchases a new Toyota made in Japan.
D)An American citizen purchases a new Toyota made in Japan.
E)Ford Motors purchases a patent from Toyota.

Question

Quizplus · Accepted Answer

Transactions in the current account include trade in goods and services. An American citizen purchasing a new Toyota made in Japan is an export of goods from Japan, which is included in the current account.

Which of the Following Transactions Would Be Included in Japan's