____________ is an example of a debit transaction in the balance of payments.
A)Exports of goods and services
B)Unilateral transfers to foreigners
C)Capital inflows
D)Receipt of a vase as a gift from a foreign country

Question

Quizplus · Accepted Answer

Unilateral transfers to foreigners are considered debit transactions in the balance of payments because they represent an outflow of economic value from the country, such as gifts, aid, or grants sent abroad without a direct quid pro quo.

____________ Is an Example of a Debit Transaction in the Balance