If a UK Citizen Removes Funds from a London Bank and Places

Multiple Choice

If a U.K. citizen removes funds from a London bank and places them in his/her bank account in the United States, this deposit into the United States is recorded as a __________ item in the U.S. balance-of-payments accounts. If, in a different transaction, a U.K. firm sells a good to a U.S. citizen, this U.K. export (U.S. import) of the good is __________ item in the U.S. balance-of-payments accounts.

A) debit; also recorded as a debit
B) debit; recorded as a credit
C) credit; recorded as a debit
D) credit; also recorded as a credit