Which of the Following Is True

question 25

Multiple Choice

Which of the following is true?

• A) Items that supply the nation's currency to the foreign exchange market are recorded as credits in the nation's balance of payments accounts.
• B) Items that create a demand for the nation's currency in the foreign exchange market are recorded as debits in the nation's balance of payments accounts.
• C) The purchase of a BMW from a German automaker by a U.S. college professor would be recorded as a debit in the U.S. balance of payments accounts.
• D) Both a. and b. are correct.

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