Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. An Italian importer pays her U. S. based supplier from her dollar denominated account with Wells Fargo. This will lead to a ____ for
1. An Italian importer pays her U. S. based supplier from her dollar denominated account with Wells Fargo. This will lead to a ____ for the U. S. capital account.
a) debit b)credit
2. If a countrys GNI is less than its GDP by 10 billion its net foreign income (NFI) should be
a) +10 billion b) -10 billion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started