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 79 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

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra
Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
Lightning Casualties in the United States by Location or Activity Lightning Casualties in the United States by Location or Activity
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
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 ...
Math grade 1 Activity Math grade 1 Activity
Video: Exocytosis - secretion

For a complete list of videos, visit our video library