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Assume the following merchandise trade transaction by American whth foreign companies: Japanese carmakers export 1 million cars at $20.000 each, landed value in the United

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Assume the following merchandise trade transaction by American whth foreign companies: Japanese carmakers export 1 million cars at $20.000 each, landed value in the United States, to U 3 . car dsalers, US current account will increase by at $20,000 for each landed car. a. True b. False Assume the following merchandise trade transaction by American with forelgn companies: The Algerians agriculture ministry buys $5,000,000 worth of Canadian wheat, capital account will increase by $5,000,000. a. True b. False

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