Which of the following transactions would be recorded as a debit in the U.S. current account?
A) The purchase of a Japanese car by an American
B) The purchase of air service from a U.S. airline by a Japanese traveler
C) A short-term loan extended to a Japanese manufacturer by a U.S. bank
D) The purchase of U.S. cheese by a Japanese bakery
E) The purchase of an American Treasury bond by a French investment company
Correct Answer:
Verified
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