Which of the Following Generates a Demand for U

question 136

Multiple Choice

Which of the following generates a demand for U.S. dollars in the currency market?

• A) Japanese tourists shop in Barney's of New York
• B) A Japanese businesswoman sells her U.S. government bonds.
• C) An American citizen buys Japanese Yen for her trip to Japan.
• D) A restaurant in Kansas imports Kobe beef from Japan.

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Definitions:

Closing Entry

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.

Debit and Credit

Fundamental concepts in double-entry bookkeeping, where debits are entries on the left side of an account and credits are entries on the right.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net income or loss.