If the United States donates footballs to Japan,how is the transaction recorded on the U.S.balance of payments accounts?
A) Debit: merchandise trade; credit: capital and financial account
B) Debit: capital and financial account; credit: merchandise trade
C) Debit: net unilateral transfers; credit: merchandise trade
D) Debit: merchandise trade; credit: net unilateral transfers
Correct Answer:
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