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Suppose Lufthansa buys 10 Boeing 747s for $150 million in 1991, financed by a fiveyear loan from the US ExportImport Bank. There is a one
Suppose Lufthansa buys 10 Boeing 747s for $150 million in 1991, financed by a fiveyear loan from the US ExportImport Bank. There is a one year grace period on principal and interest payments. Which one of the following would NOT be one of the net impacts of this sale in 1991?
a) a $150 million reduction in the U.S. trade deficit
b) a $150 million reduction in the U.S. capital account surplus
c) a $150 million increase in the U.S. trade deficit
d) zero change in the U.S. balance of payments in 1991
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