How will the following transactions affect the U S balance of payments For each transaction...

60.1K

Verified Solution

Question

Basic Math

image

How will the following transactions affect the U S balance of payments For each transaction in the following table indicate in which U S account it appears as a credit and in which account it appears as a debit Transaction Miguel a U S resident buys an HDTV set for 2 500 and sends it to Mexico as a gift to his parents Arielle a French tourist stays at a hotel in San Francisco and pays 400 for it with her debit card issued by a French bank A U S computer manufacturer purchases hard drives from a South Korean company paying the funds from its bank account in South Korea Account with Credit Capital Current Financial Account with Debit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students