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Classify each of the following as debits or credits in the U.S. balance of payments. Americans buy chocolate from the Swiss. U.S. gives foreign aid

Classify each of the following as debits or credits in the U.S. balance of payments.

  1. Americans buy chocolate from the Swiss.
  2. U.S. gives foreign aid to Bosnia.
  3. Britishinvestors purchase U.S. government bonds
  4. American tourists travel to Australia
  5. Volkswagen earns profits in the UnitedStates from its new cars
  6. Toyotabuilds a new plant in Ohio
  7. CapitalRecords sells rock and roll music in Sweden

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