Determine hich account of the Balance-of-Payments is affected the following transaction: A local tourtuses his/her credit card to pay USS 900 for the cost of accommodation at a Canadian hotel Select one Oa Capital Account- Portfolio Investment Ob Current Account-Imports Oc Capital AcCount Capital Transfers Od Capital Account-Foreign Direct Investment Oe Curent Account-Emords
Determine hich account of the Balance-of-Payments is affected the following transaction: A local tourtuses his/her credit card to pay USS 900 for the cost of accommodation at a Canadian hotel Select one Oa Capital Account- Portfolio Investment Ob Current Account-Imports Oc Capital AcCount Capital Transfers Od Capital Account-Foreign Direct Investment Oe Curent Account-Emords
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Determine vhich account of the Balance-of-Payments is affected the following transaction:
A local tourist uses his/her credit card to pay USS 900 for the cost of accommodation at a Canadian hotel
Select one
Oa Capital Account - Portfolio Investment
Ob. Current Account - Imports
Oc Capital Account- Capital Transfers
Od. Capital Account- Foreign Direct Investment
Oe Current Account-Exports](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4bc67c1e-8919-463e-946f-36fdee0bf5ee%2F0f0b570c-81cf-440c-8b45-ae5a0a960278%2Fvdtnxfl_processed.png&w=3840&q=75)
Transcribed Image Text:Determine vhich account of the Balance-of-Payments is affected the following transaction:
A local tourist uses his/her credit card to pay USS 900 for the cost of accommodation at a Canadian hotel
Select one
Oa Capital Account - Portfolio Investment
Ob. Current Account - Imports
Oc Capital Account- Capital Transfers
Od. Capital Account- Foreign Direct Investment
Oe Current Account-Exports
![Determine which account of the Balance-of-Payments is affected by the following transaction:
You travel to the United States for holiday and spend US$500
Select one:
O a. Current Account - Transfers
Ob. Capital Account- Foreign Direct Investment
O c Current Account Exports
Od. Capital Account Portfolio Investment
Oe Current Account- Imports](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4bc67c1e-8919-463e-946f-36fdee0bf5ee%2F0f0b570c-81cf-440c-8b45-ae5a0a960278%2Ffdzruf4_processed.png&w=3840&q=75)
Transcribed Image Text:Determine which account of the Balance-of-Payments is affected by the following transaction:
You travel to the United States for holiday and spend US$500
Select one:
O a. Current Account - Transfers
Ob. Capital Account- Foreign Direct Investment
O c Current Account Exports
Od. Capital Account Portfolio Investment
Oe Current Account- Imports
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