Asked by Nancy Lainez on Jul 16, 2024
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When a U.S. importer buys 100,000 pairs of pants from a Hong Kong company, this transaction will represent a(n)
A) inflow of money on the current account of the U.S. balance of payments.
B) outflow of money on the current account of the U.S. balance of payments.
C) credit on the financial account of the U.S. balance of payments.
D) debit on the financial account of the U.S. balance of payments.
Importer
An individual or firm that brings goods or services into a country from abroad for sale.
Pairs Of Pants
A measure or quantity that refers specifically to trousers, counted in units of two legs each.
Current Account
A component of a country's balance of payments that measures the trade of goods and services, net income, and direct transfers with the rest of the world.
- Determine and explicate the influence of worldwide dealings on the balance of payments of a nation.
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Learning Objectives
- Determine and explicate the influence of worldwide dealings on the balance of payments of a nation.
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