In a country's balance of payments, which of the following items will be recorded as a debit entry? Domestic bank balances owned by foreigners are reduced Foreign bank balances owned by domestic residents are reduced Assets owned by domestic residents are sold to nonresidents Securities are sold by domestic residents to nonresidents

In a country's balance of payments, which of the following items will be recorded as a debit entry? Domestic bank balances owned by foreigners are reduced Foreign bank balances owned by domestic residents are reduced Assets owned by domestic residents are sold to nonresidents Securities are sold by domestic residents to nonresidents

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a country's balance of payments, which of the following items will be
recorded as a debit entry?
Domestic bank balances owned by foreigners are reduced
Foreign bank balances owned by domestic residents are reduced
Assets owned by domestic residents are sold to nonresidents
Securities are sold by domestic residents to nonresidents

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