This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A U.S. tourist travels to Italy and spends 900 during the trip. How is this activity recorded in the ... (Read 82 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Jun 30, 2018
A U.S. tourist travels to Italy and spends 900 during the trip. How is this activity recorded in the U.S. current account?
 a. Unilateral transfers account is credited for 900.
  b. Unilateral transfers account is debited for 900.
  c. Merchandise account is credited for 900.
  d. Services account is debited for 900.
  e. Merchandise account is debited for 900.

Question 2

Which of the following is included in a nation's current account?
 a. Purchases of foreign assets
  b. Borrowings from abroad
  c. Foreign purchases of U.S. financial assets
  d. Investment income receipts
  e. Purchases of foreign real property


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wuly

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


jace

  • Member
  • Posts: 541
Reply 2 on: Jun 30, 2018
Wow, this really help

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Evidence that Light Travels at a Finite Speed Evidence that Light Travels at a Finite Speed
Summary of Cytokine Activity Summary of Cytokine Activity
Fragile and tenuous atmosphere that is vulnerable to the impacts of human activity Fragile and tenuous atmosphere that is vulnerable to the impacts of human activity
Daily Alertness Activity (2 of 2) Daily Alertness Activity (2 of 2)
Classical-Conditioning Activity Classical-Conditioning Activity
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library