The purchase of French wine by U.S.consumers will be accounted as:
A)a deficit in the services account.
B)a credit in the merchandise account.
C)a debit in the services account.
D)a surplus for U.S.net exports.
E)a debit in the merchandise account

Question

Quizplus · Accepted Answer

The purchase of French wine by U.S. consumers will be recorded as a debit in the merchandise account, as it represents an import of goods from France.

The Purchase of French Wine by U