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When the U . S . ships food aid to a developing nation, the U . S . debits: a . secondary income b .
When the US ships food aid to a developing nation, the US debits:
a secondary income
b services
c financial
d official reserves
When the resident of a foreign nation sells a US stock and deposits the proceeds in a US bank, the US:
a credits the financial account for and debits the financial account for
b credits the current account and debits the financial account
c debits the financial account and credits official reserves
d debits the financial account for and credits the financial account for
When a US resident purchases a foreign treasury bill and pays by drawing down his bank balances abroad:
a debits shortterm capital and credits official reserves
b debits the financial account for and credits the financial account for
c debits official reserves and credits the financial account
d credits the shortterm financial account and debits official reserves
From the US point of view, drawing on reducing foreign bank balances in a New York bank represents a:
a financial inflow
b financial outflow
c outflow of official reserves
d debit in the current account
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