Which of the Following Would Be Represented as a Debit

question 95

Multiple Choice

Which of the following would be represented as a debit in the U.S. balance of payments?

• A) a U.S. purchase of cars from Italy
• B) a U.S. sale of beef to Israel
• C) transfers received by the U.S. government from foreign governments
• D) gifts received by U.S. residents from friends abroad
• E) income received by U.S. residents from overseas investments

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Definitions:

Legal Consequences

Results or outcomes that arise from actions that are regulated by law, such as penalties or fines for violating laws.

Medium

A means or channel of communication, expression, or storage, which can range from physical media to digital forms.

Document

A written, printed, or electronic piece of information that serves as an official record.

Documenting Research

The systematic recording of the process, findings, and sources used in conducting research.