A Purchase of Foreign Goods from the U

question 61

Multiple Choice

A purchase of foreign goods from the U.S.(requiring importing) will be recorded in the BOP as

• A) an asset in the current account.
• B) a debit in the current account.
• C) no record, because the purchase is made in the U.S.
• D) a liability in the foreign transfer account.

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Definitions:

Subversion

The act of undermining or attempting to overthrow an established system or government, often through covert means.

Inapplicable

Inapplicable refers to something that does not apply or cannot be applied in a specific situation or context.

Redefined

To give a new or different definition or interpretation to a concept, term, or phenomenon.

Notion

A conception or belief about something, often a perspective or theory.