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Assume the following merehandise trade transaction by American with foreign companies: Daimibr. Benz builds a $100,000,000 auto manufacturing plant in Virginia, curtent account will increase

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Assume the following merehandise trade transaction by American with foreign companies: Daimibr. Benz builds a $100,000,000 auto manufacturing plant in Virginia, curtent account will increase toy $100,000,000. (2) a True b: Fatce Assume the following merchandise trade transaction by American with forelgn companies: A lapanese Bank increases its deposit in a Califomia bank by $1.000,000, current account will increase by $1,000,000. a. True b. False Assume the following merchandise trade transaction by American with foreign companies: Deposits of funds by the U.S. Treasury in British banks; and purchases of Swiss-franc bonds by the Federal Reserve. Current account will increase. a. True b. False

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