Question

A U.S. citizen buys a Japanese bond. This transaction will be entered as a credit in...

A U.S. citizen buys a Japanese bond. This transaction will be entered as a credit in the U.S. capital account.

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True

False

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Answer #1

False

Reason : Buying of foreign bond is treated as a debit in domestic account , because to buy a Japanese bond , money goes out of US citizen account. Hence the registration is made under capital account , and as a debited amount.

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