The _____ account reflects the movement of goods and services ...

[cmoore54]

The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into and out of the country.
 a. universal transfer; financial
  b. universal transfer; current
  c. current; financial
  d. capital; current
  e. capital; financial

Question 2

Suppose an economics professor receives a 10,000 royalty check from a foreign publishing company and deposits the amount in a local bank. This transaction would be recorded as:
 a. a 10,000 credit entry in the domestic services account.
  b. a 20,000 debit entry in the domestic capital account.
  c. a 20,000 debit entry in the domestic capital account.
  d. a 10,000 credit entry in the domestic capital account.
  e. a 10,000 debit entry in the domestic services account.

[Kaytorgator]

Answer to Question 1

c

Answer to Question 2

a