answser 19

Question 18 2.86 pts Suppose Boeing, a Chicago-based aerospace firms, exports $80 million worth of Boeing 767 to Cathay Pacific, a Hong Kong-based airline firm. Assume Cathay Pacific pays Boeing with its USD- denominated bank account kept with JPMorgan Chase in New York, NY. Which of the following is correct way in which Boeing's export to Cathay Pacific would be recorded for the U.S. balance of payments statement? Boeing's export to Cathay Pacific would have been recorded as a credit of -$80M. Boeing's export to Cathay Pacific would have been recorded as a debit of -$80M. Boeing's export to Cathay Pacific would have been recorded as a credit of +$80M. Boeing's export to Cathay Pacific would have been recorded as a debit of +$80M. Question 19 2.86 pts Same facts as above: which of the following is the correct way in which Cathay Pacific's withdrawal from U.S. bank would be recorded? Cathay Pacific's withdrawal from U.S. bank will be recorded as a debit of +$80M. Cathay Pacific's withdrawal from U.S. bank will be recorded as a credit of +$80M. Cathay Pacific's withdrawal from U.S. bank will be recorded as a credit of -$80M. Cathay Pacific's withdrawal from U.S. bank will be recorded as a debit of -$80M