Jane Ferlengeti, a U. S. citizen, purchases a phone for $300 that Apple imported from China. Apple paid its Chinese subsidiary $150 for the phone. How did these transactions change the U. S.–Chinese bilateral trade balance?

$150

Explanation:

Data provided as per the question is below:-

Phone Purchase cost = $300

Paid Chinese subsidiary = $150

The computation of change the U.S.–Chinese bilateral trade balance is shown below:-

Trade balance = Phone Purchase cost - Paid Chinese subsidiary

= $300 - $150

= $150

Therefore for computing the trade balance we simply subtract Paid Chinese subsidiary from Phone purchase cost.

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds