Which of the following would be a credit in the U.S. balance of payments?
A) the purchase of a German car by an American
B) the purchase of insurance from Lloyds of London by a U.S.resident
C) a trip to Japan by an American student
D) a short-term loan extended to a South American country by the United States government
Correct Answer:
Verified
Q22: The balance on current account records information
Q23: If at current exchange rates it was
Q24: The balance of trade records information about:
A)purchases
Q25: Which of the following is a credit
Q28: Deflation in the United States would tend
Q29: Since the advent of flexible exchange rates,
Q30: Fixed exchange rates give countries too much
Q31: Which of the following would be included
Q32: The difference between the value of a
Q82: The record of all transactions with foreign
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