A debit entry in the Canadian balance-of-payments accounts
1)is a credit in the balance-of-payments accounts for foreign countries;
2)arises when Canadian assets are sold to foreigners;
3)typically results in more foreign exchange being held by foreigners.

Question

Quizplus · Accepted Answer

A debit entry in Canada's balance-of-payments accounts corresponds to a credit in foreign countries' accounts and typically results in more foreign exchange being held by foreigners.

A Debit Entry in the Canadian Balance-Of-Payments Accounts