Four international transactions are listed below. For each, determine whether it is a credit or a debit

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Four international transactions are listed below. For each, determine whether it is a credit or a debit in the U.S. balance of payments, whether it is a current account or capital account transaction, and whether it increases or decreases the size of the U.S. balance of payments deficit.
(a) Japan buys rice from the United States.
(b) Ford Motor Company builds an automobile plant in Russia.
(c) A German insurance company buys U.S. government bonds.
(d) U.S. residents vacation in Asia.
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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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