Question: Indicate how the following transaction is entered into the U.S. balance of payments with double-entry bookkeeping: (a) The U.S. government gives $100 worth of food
Indicate how the following transaction is entered into the U.S. balance of payments with double-entry bookkeeping:
(a) The U.S. government gives $100 worth of food aid to a developing nation.
(b) What is the difference in their effect on the balance of payments between transaction (a) in this problem, on the one hand, and the net result of transactions (a) and (b) in Problem 2, on the other?
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a The US debits unilateral transfers by 100 ... View full answer
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