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When a Swiss watchmaker buys a factory in the United States, paying by writing a check on an account with a bank in Switzerland. How
When a Swiss watchmaker buys a factory in the United States, paying by writing a check on an account with a bank in Switzerland. How would this be accounted for in the balance of payments?
A) Debit in the financial account and credit in the capital account
B) Credit in the financial account and debit in the current account
C) Debit in the financial account and credit in the financial account
D) Credit in the current account and debit in the financial account
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