BMW,a German car manufacturer,opens a new subsidiary in China.This transaction will be recorded in China's balance of payments as
A) a credit in the current account
B) a debit in the current account
C) a credit in the capital account
D) a debit in the capital account
Correct Answer:
Verified
Q18: If a country has a flexible exchange
Q19: Portfolio investment refers to:
A) changes in Canadian
Q20: Encana,a Canadian firm,buys equipment from Germany.This transaction
Q21: Explain balance on capital account.
Q22: Nokia Inc,a Finnish company,hires a French consulting
Q23: Why should the balance of payments always
Q25: Can a country have a current account
Q27: Explain balance on current account.
Q28: Nokia Inc,a Finnish company,hires a French consulting
Q93: Explain the J-curve effect.
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