Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If an Australian purchased an air ticket on Hawaiian airline in Sydney, it is counted on the Australian balance of payment account as: A. Debit

If an Australian purchased an air ticket on Hawaiian airline in Sydney, it is counted on the Australian balance of payment account as:

  • A.

    Debit in the Australian financial account.

  • B.

    Debit in the Australian capital account.

  • C.

    Credit in the Australian financial account.

  • D.

    Debit in the Australian current account.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: E Thomas Garman, Raymond E Forgue

10th Edition

143903902X, 9781439039021

More Books

Students also viewed these Finance questions

Question

What is meant by the dilutive effect of convertible securities?

Answered: 1 week ago

Question

2. How do I perform this role?

Answered: 1 week ago