Which of the Following Would Be Represented as a Debit

question 70

Multiple Choice

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

• A)U.S.purchase of cars from Italy
• B)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:

Five-Figure Accuracy

The level of precision in numerical reporting or computation that includes five significant digits.

Four-Figure Accuracy

A term used to describe a level of precision in numerical calculations or measurements that ensures accuracy to the nearest thousand.

Four-Figure Accuracy

A precision level that indicates numerical values are accurate to within plus or minus one out of ten thousand.

Five-Figure Accuracy

Describes numerical values precise to five digits.