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Explain how each of the following transactions will be classified and recorded in the debit and credit of the U.S. balance of payments. Type your

Explain how each of the following transactions will be classified and recorded in the debit and credit of the U.S. balance of payments. Type your answer.

  1. When Honda, a Japanese auto maker, built a factory in Ohio.
  2. McDonalds imports Canadian beef, paying for it by transferring the funds to a New York bank account kept by the Canadian beef producer.

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