Which of the Following Transactions Would Be Recorded as a Credit

question 48

Multiple Choice

Which of the following transactions would be recorded as a credit in the U.S. current account?

• A) A Japanese bank's purchase of IBM stock.
• B) A Japanese consumer's purchase of an Apple computer.
• C) An American tourist's payment to a Japanese hotel.
• D) An American consumer's purchase of a Toshiba VCR.

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Definitions:

Cookies

Small files stored on a user's computer by a web browser, containing data about the user's online activities.

Specialize In Producing

The practice of focusing production efforts on a limited range of goods or services to gain greater efficiency and quality.

Compasses

Devices designed to aid in finding one's way by indicating the direction in relation to the Earth's cardinal points.

Trade

The exchange of goods and services between people or entities, often in return for money.