Represents a credit or a debit on balance of payments

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Indicate whether each of the following items represents a credit or a debit on the U.S. balance of payments.

a. A U.S. importer purchases a shipload of French wine.

b. A Japanese automobile firm builds an assembly plant in Kentucky.

c. A U.S. college student spends a year studying in Switzerland.

d. American charities donate food to people in drought-plagued Africa.

e. Japanese investors collect interest income on their holdings of U.S. government securities.

f. A German resident sends money to her relatives in the United States.

Reference no: EM13695109

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