Multiple Choice
When a U.S. importer buys 100,000 pairs of pants from a Hong Kong company, this transaction will represent a(n)
A) inflow of money on the current account of the U.S. balance of payments.
B) outflow of money on the current account of the U.S. balance of payments.
C) credit on the financial account of the U.S. balance of payments.
D) debit on the financial account of the U.S. balance of payments.
Correct Answer:
Verified
Correct Answer:
Verified
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