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An American buys a Japanese car, paying by writing a check on an account with a bank in New York. How would this be accounted
An American buys a Japanese car, paying by writing a check on an account with a bank in New York. How would this be accounted for in the US balance of payments? A) credit in current account, debit in financial account
B) debit in current account, credit in financial account
C) credit in current account, debit in capital account
D) debit in current account, credit in capital account
E) credit in current account, credit in financial account
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