If a Canadian Company Imports 10 Toyotas from Japan at $15,000

question 3

Multiple Choice

If a Canadian company imports 10 Toyotas from Japan at $15,000 each,and the Japanese company buys airline tickets on a Canadian airline with the money,how does this affect the Canadian balance of payments accounts?

• A)debit: merchandise trade;credit: capital account
• B)debit: capital account;credit: merchandise trade
• C)debit: merchandise trade;credit: services
• D)debit: services;credit: merchandise trade

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