An American tourist purchases a leather jacket while in Italy. Which of the following statements is not true? This transaction would be recorded as a credit item on the U.S. BOP. The leather purchase would be considered an import for the U.S. BOP. This transaction would be properly accounted for in the Current Account of the U.S. BOP. The leather purchase is considered an import of a good, and thus, considered part of the balance of trade as well