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Bank of Montreal, a Canadian company, sends a dividend check for CAD 200,000 to a US investor in Boston. The US investor deposits the check
Bank of Montreal, a Canadian company, sends a dividend check for CAD 200,000 to a US investor in Boston. The US investor deposits the check in a USD-denominated bank account at Bank of America. What balance if payments account should be credited? a) current account b) financial account c) unilateral transfers d) official reserves account
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