Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. if a japanese firm purchases shoes from a firm in

If a Japanese firm purchases shoes from a firm in US for $100,000, and pays...

80.2K

Verified Solution

Question

Finance

If a Japanese firm purchases shoes from a firm in US for $100,000, and pays for them by borrowing $100,000 from a US bank, the two US accounts that are affected are:

A) imports of goods with a minus (debit) and exports of goods with a plus (credit).

B) imports of goods with a minus (debit) and exports of financial assets with a plus (credit).

C) exports of goods with a minus (debit) and imports of financial assets with a plus (credit).

D) exports of goods with a plus (credit) and imports of financial assets with a minus (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