Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following would appear as a credit (+) item in the trade account of the Canadian balance of payments? A. the opening of
Which of the following would appear as a credit (+) item in the trade account of the Canadian balance of payments?
A. | the opening of an Ottawa branch of a Swiss bank. | |
B. | sales of Canadian steel to European importers. | |
C. | Canadian purchases of American-made vehicles. | |
D. | dividends payable to Canadians on Canadian-owned assets located in Cuba. | |
E. | purchases by Japanese firms of shares of Canadian firms in the entertainment industry. |
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