Business, 06.04.2021 05:00 mjarrelljr
The double-entry principle in the balance-of-payments
How will the following transactions affect the U. S. balance-of-payments? For each transaction in the following table, indicate in which U. S. account it appears as a credit and in which account it appears as a debit
Transaction Account with Account with
Credit Debit
Miguel, a U. S. resident, buys an HDTV set for
$2,500 and sends it to Mexico as a gift to his parents.
Arielle, a French tourist, stays at a hotel in San
Francisco and pays $400 for it with her debit
card issued by a French bank.
A U. S. computer manufacturer purchases hard
drives from a Korean company, paying the funds
from its bank account in Korea.
Answers: 2
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Answers: 2
The double-entry principle in the balance-of-payments
How will the following transactions affect th...
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