How are each of the following classified, as debits or credits, in the U.S. balance-of-paymentsaccounts? Credit Debit
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How are each of the following classified, as debits or credits, in the U.S. balance-of-paymentsaccounts?
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Credit Debit a. Americans buy autos from Japan. b. American tourists travel to Japan. c. Japanese consumers buy rice grown in the United States d. United States gives foreign aid to Rwanda. e. General Motors, a U.S. company, earns profits in France. f. Royal Dutch Shell earns profits from its U.S. operations. g. General Motors builds a new plant in Vietnam. h. Japanese investors purchase U.S. government bonds.
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a Americans buy autos from Japan b American tourists travel to Japan c Japanese c...View the full answer
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