Which of the following transactions would be recorded as a credit in the U.S. current account?

Question

Quizplus · Accepted Answer

ECredits in the U.S. current account typically include exports of goods and services and income receipts from abroad. A short-term loan extended to another country (D) and the takeover of a foreign company (E) would result in inflows of income or repayment to the U.S., which are recorded as credits. The other options (A, B, C) involve the U.S. paying for imports of goods or services, which are recorded as debits.

Which of the Following Transactions Would Be Recorded as a Credit