All of the following are deficit items in the balance of payments accounts EXCEPT

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Exports of merchandise are a credit item in the balance of payments accounts, as they represent cash inflows to the domestic economy from foreign residents purchasing goods produced in the United States. Choices A, B, and D all represent transactions where U.S. residents are spending funds overseas or investing in foreign entities, resulting in cash outflows from the domestic economy and therefore are deficit items in the balance of payments accounts.

All of the Following Are Deficit Items in the Balance