Which One of the Following Would Be Recorded as a Credit

question 137

Multiple Choice

Which one of the following would be recorded as a credit in the U.S. balance of payments accounts?

• A) the purchase of an European-made car by an American
• B) the purchase of insurance from Lloyd's of London by an American business firm
• C) the purchase of an American-made computer by an European business
• D) the purchase of Japanese bonds by an American investor

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Definitions:

Better Acquainted

A process of becoming more familiar or knowledgeable about someone or something.

Bride Price

The money, property, or goods paid by the groom or his family to the bride's family as part of the marriage agreement.

Anglo-Saxon

Referring to the Germanic inhabitants of England from their arrival in the 5th century up to the Norman Conquest in 1066.

Engagement Ring

A ring typically given during a proposal of marriage, symbolizing intent to marry.