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Question 15 2 pts The Turlock Backpack Corporation (TBC) of Turlock, CA, exported backpacks to South Africa. TBC got paid for the export as follows:
Question 15 2 pts The Turlock Backpack Corporation (TBC) of Turlock, CA, exported backpacks to South Africa. TBC got paid for the export as follows: Half in U.S. dollars, and half in Rands (the currency of South Africa). What accounts in the U.S. Balance of Payments will be credited/debited? (Note: Dr= debit; Cr= credit). Dr. Merchandise export. Cr. Claims on foreigners (decrease). Cr. Liabilities to foreigners (increase). Dr. Liabilities to Foreigners (decrease). Cr. Merchandise export. Cr. Claims on foreigners (decrease). Dr. Liabilities to foreigners. Cr. Claims on foreigners (decrease). Dr. Claims on foreigners (increase). Dr. Liabilities to foreigners (decrease). Cr. Merchandise export. Dr. Merchandise export. Cr. Unilateral transfers
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