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1.A US firm purchases CAD 5 million worth of softwood lumber from a Canadian producer. This transaction will be documented as A) A positive entry

1.A US firm purchases CAD 5 million worth of softwood lumber from a Canadian producer. This transaction will be documented as

A) A positive entry in US's current account.

B) A positive entry in Canada's current account.

C) A negative entry in US's capital account.

D) None of the above.

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