A consumer living in Ithaca, NY buys $1,000 dollars worth of toys from a company that manufactures toys in Tokyo, Japan. If we consider the US Balance of Payments and assume all foreign exchange transactions are between private citizens, this purchase results in                   to net exports and                   to private foreign assets in the US. a) a debit; a credit b) a credit; a debit C) a credit; a credit D) a debit; a debit

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A consumer living in Ithaca, NY buys $1,000 dollars worth of toys from a company that manufactures toys in Tokyo, Japan. If we consider the US Balance of Payments and assume all foreign exchange transactions are between private citizens, this purchase results in
                  to net exports and                   to private foreign assets in the US.

a) a debit; a credit
b) a credit; a debit
C) a credit; a credit
D) a debit; a debit
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