A New Yorker travels to New Jersey to buy a $$100$ telephone answering machine.

Suppose that he pays with cash for the machine.

How would this transaction show up in the balance of payments accounts of New York and New Jersey?

This transaction will show up as

in the

account of New York

A New Yorker travels to New Jersey to buy a $$100$ telephone answering machine.

Suppose that he pays with cash for the machine.

How would this transaction show up in the balance of payments accounts of New York and New Jersey?

This transaction will show up as

in the

account of New York