A Canadian professor is paid to teach a summer course in Singapore for 8 weeks. How is th transaction recorded on Canada's balance of payments accounts? debit: service trade; credit: capital and financial account debit: income balance; credit: capital and financial account debit: capital and financial account; credit: service trade debit: capital and financial account; credit: income balance
A Canadian professor is paid to teach a summer course in Singapore for 8 weeks. How is th transaction recorded on Canada's balance of payments accounts? debit: service trade; credit: capital and financial account debit: income balance; credit: capital and financial account debit: capital and financial account; credit: service trade debit: capital and financial account; credit: income balance
Chapter1: Making Economics Decisions
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Transcribed Image Text:A Canadian professor is paid to teach a summer course in Singapore for 8 weeks. How is the
transaction recorded on Canada's balance of payments accounts?
debit: service trade; credit: capital and financial account
debit: income balance; credit: capital and financial account
debit: capital and financial account; credit: service trade
debit: capital and financial account; credit: income balance
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