For each of the following transactions, determine which U.S. account will be credited. a. The United...

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For each of the following transactions, determine which U.S. account will be credited. a. The United States imports $100 mill

business economics

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Answer 1

Answer #1

a) Current account

Current account records trade in goods and services i.e. exports and imports of goods and services as well as transfer payments.

b) Capital account

Capital account records purchase and sale of assets like stock, bonds and land.

c) Current account

d) Capital account

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Answer 2

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