The U.S. Department of Agriculture donates $125 million of rice to North Korea. This is recorded on...

70.2K

Verified Solution

Question

Finance

The U.S. Department of Agriculture donates $125 million of riceto North Korea.
This is recorded on the U.S. balance of payments as
Group of answer choices
Current transfers: credit
Goods: credit
Current transfers: debit
Goods: debit

Answer & Explanation Solved by verified expert

4.1 Ratings (578 Votes)

Answer Let us first understand the term Balance of PaymentsBalance of Payments refers to a statement which records all the monetary transactions between a countryits residents and the rest of the world Balance of Payments comprise of the following three components Current Account Capital Account Financial Account For this particular question we will concentrate on Current See Answer

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

The U.S. Department of Agriculture donates $125 million of rice to North Korea. This is recorded on...

70.2K

Verified Solution

Question

Finance

The U.S. Department of Agriculture donates $125 million of riceto North Korea.
This is recorded on the U.S. balance of payments as
Group of answer choices
Current transfers: credit
Goods: credit
Current transfers: debit
Goods: debit

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Transcribed Image Text

Other questions asked by students

The U.S. Department of Agriculture donates $125 million of rice to North Korea. This is recorded on...

70.2K

Verified Solution

Question

Finance

The U.S. Department of Agriculture donates $125 million of riceto North Korea.This is recorded on the U.S. balance of payments asGroup of answer choicesCurrent transfers: creditGoods: creditCurrent transfers: debitGoods: debit

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Transcribed Image Text

Other questions asked by students

The U.S. Department of Agriculture donates $125 million of riceto North Korea.
This is recorded on the U.S. balance of payments as
Group of answer choices
Current transfers: credit
Goods: credit
Current transfers: debit
Goods: debit