A Purchase of Foreign Goods from the United States (Requiring

Multiple Choice

A purchase of foreign goods from the United States (requiring importing) will:

A) be recorded in the BOP as an asset in the current account.
B) be recorded in the BOP as a debit in the current account.
C) have no record in the BOP because the purchase is made in the United States.
D) be recorded in the BOP as a liability in the foreign transfer account.