Which of the Following Would Appear as a Credit Item

question 112

Multiple Choice

Which of the following would appear as a credit item in the trade account of the Canadian balance of payments?

• A)dividends payable to Canadians on Canadian-owned assets located in Cuba
• B)sales of Canadian steel to European importers
• C)Canadian purchases of American-made vehicles
• D)purchases by Japanese firms of shares of Canadian firms in the entertainment industry
• E)the opening of an Ottawa branch of a Swiss bank

---

Definitions:

Check Register

A record of checks written, deposits made, and balances for a checking account.

Deposit

An amount of money placed into an account or given to someone as a partial payment or security for the purchase of something.

Check Register

A record book or digital log used to track checks written, deposits made, and current balance of a bank account.

Cash Balance

The amount of currency and liquid instruments in a company's possession that can be readily used for transactions.