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If a US Citizen Gives $1,000 to a French Citizen by Writing

Question 1

Multiple Choice

If a U.S. citizen gives $1,000 to a French citizen by writing a check on a New York bank for deposit to the French citizen's New York bank account, the credit item in the U.S. balance-of-payments accounts is __________ and the debit item is __________.


A) "exports"; "unilateral transfers made"
B) "increase in foreign short-term private assets in the United States"; "exports"
C) "increase in foreign short-term private assets in the United States"; "unilateral Transfers made"
D) "unilateral transfers made"; "decrease in foreign short-term private assets in the United States"

Correct Answer:

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