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Assume That Tom Sells a Crate of Ontario Peaches to a Retailer

Question 5

Multiple Choice

Assume that Tom sells a crate of Ontario peaches to a retailer in the United States and Susan sells a Canadian bond to a customer in Britain.Which statement illustrates the difference and/or similarity between these two transactions?


A) Only Tom will actually receive Canadian dollars as a result of this transaction.
B) The sale of the bond generates a liability,while the sale of the peaches does not.
C) Both sales generate an asset for Canada.
D) Both sales generate a liability for Canada.

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