Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose the U.S. aeroplane maker Boeing sells $250 million of aircraft to JAL (Japanese Airlines). JAL pays Boeing by transferring dollass from its dollar-denominated bank
Suppose the U.S. aeroplane maker Boeing sells \$250 million of aircraft to JAL (Japanese Airlines). JAL pays Boeing by transferring dollass from its dollar-denominated bank account at Citibank in New York to Boeing's bank aocount. What are the credit and debit items on the U.S. balance of payments? This is a $250 million credit on the US current account and a $250 million credit on the U1s financial account. This is a $250 million credit on the US current account and a $250 million deblt on the US financial account. This is a $250 million credit on the US current account and a $250 million credit on the US capital account. This is a $250 million credit on the US current account and a $250 million debit on the US capital account. This is a $250 million debit on the US current account and a $250 million credit on the US financial account. This is a $250 million debit on the US current account and a $250 million debit on the US financial account. Only Oliver the Finance Pug is clever enough to answer this question - so he deserves the $250 million
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started