Which of the Following Is Not a Credit Item (+)In

question 7

Multiple Choice

Which of the following is not a credit item (+) in the U.S.balance of payments?

• A)imports of cars from Japan
• B)any transaction that results in an inflow of dollars
• C)a capital outflow
• D)a U.S.firm's purchase of steel from a European steel mill
• E)an increase in American vacations abroad

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Definitions:

Monthly Payment

The amount of money that needs to be paid each month, commonly associated with loans or subscriptions.

Car Loan

A loan granted specifically for the purchase of a car, where the vehicle itself often secures the loan.

Compounded Quarterly

Calculation of interest on a loan or investment where the interest is added to the principal four times a year.

Accumulated Amount

The total amount accumulated over time, considering various factors like initial principal and compound interest.