Multiple Choice
When U.S. residents purchase foreign assets,
A) there is an outflow of funds from abroad and this is recorded as a negative item in the current account.
B) there is an outflow of funds from the U.S. and this is recorded as a negative item in the capital account.
C) there is an outflow of funds from abroad and this is recorded as a positive item in the current account.
D) there is an outflow of funds from abroad and this is recorded as a positive item in the capital account.
Correct Answer:
Verified
Correct Answer:
Verified
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