Question: Determine, for each of the following, whether it would appear in the current account or capital account section of the U.S. balance of payments accounts
Determine, for each of the following, whether it would appear in the current account or capital account section of the U.S. balance of payments accounts and whether it would represent an inflow or an outflow.
a. Payments are received for U.S.-made airplanes sold to Thailand
b. A resident of Nigeria buys a U.S. government savings bond
c. A U.S. company invests in a branch in Australia
d. A Japanese company takes home its profits earned in the United States
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A It is an inflow and will appear in the current account export of the balance of ... View full answer
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