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The double - entry principle in the balance - of - payments How will the following transactions affect the U . S . balance -
The doubleentry principle in the balanceofpayments
How will the following transactions affect the US balanceofpayments?
For each transaction in the following table, indicate in which US account it appears as a credit and in which account it appears as debit.
Transaction
Account with Credit
Account with Debit
A Saudi Arabian oil company purchases $ million worth of US government bonds from a
US bank, paying from its account held with the bank.
Arielle, a French tourist, stays at a hotel in San Francisco and pays $ for it with her
debit card issued by a French bank.
Xavier, a US resident, receives in dividend payments on shares that he holds in
a Japanese company, which are deposited in his account in a Japanese bank.
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