An American company from Chicago Illinois exports some agricultural machinery to Medellin, Colombia. The Colombian buyer pays in US dollars for these products. Which of the following names will appear in the U.S. Balance of Payments when this transaction is recorded?

a. This transaction will not be recorded in the U.S. Balance of Payments

b. Claims on Foreigners

c. Liabilities to Foreigners

An American company from Chicago Illinois exports some agricultural machinery to Medellin, Colombia. The Colombian buyer pays in Euros for these products. Which of the following names will appear in the U.S. Balance of Payments when this transaction is recorded?

a. This transaction will not be recorded in the U.S. Balance of Payments

b. Claims on Foreigners

c. Liabilities to Foreigne

An American company from Chicago Illinois exports some agricultural machinery to Medellin, Colombia. The Colombian buyer pays in Colombian pesos for these products. Which of the following names will appear in the U.S. Balance of Payments when this transaction is recorded?

a. This transaction will not be recorded in the U.S. Balance of Payments

b. Claims on Foreigners

c. Liabilities to Foreigners