A family from Peru eats in a restaurant in Montreal.In the accounting for Canadian international transactions,this transaction would appear in the _____,and it would be entered as a payment _____ foreigners.

Question

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The transaction between the family from Peru and the restaurant in Montreal represents a payment for services received by the Peruvian family in Canada, which is a current account transaction. The payment is going to foreigners (the restaurant) from a domestic entity (the Peruvian family), thus it would be entered as a payment from foreigners.

A Family from Peru Eats in a Restaurant in Montreal