Answered: Indicate whether each of the following…

Indicate whether each of the following items represents a debit or a credit of the US balance of payments: Deposit in a Chicago bank of $15,000 by a resident of South Africa. O Debit O Credit

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter29: International Finance

Section: Chapter Questions

Problem 1P

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Indicate whether each of the following items represents a debit or a credit of the US balance of payments:
Deposit in a Chicago bank of $15,000 by a resident of South Africa.
O Debit
Credit

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