What happens to France's BOP iLMVH, a French luxury goods company, buys €1.5M of consulting services from a British subsidiary of BCG. writing a check on its € bank account at Societe Generale in Paris, and BCG deposits the check at Banque Paribas, also in Paris. A Current account records a debit item of €1.5M and financial account records a credit item of €1.5M B. Current account records a credit item of €1.5M and financial account records a debit item of €1.5M CFinancial account records a debit item of €1.5M and financial account records a credit item of €1.5M OD. Current account records a credit item of €1.5M and current account records a debit item of €1.5M pays by

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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What happens to France's BOP iLMVH, a French luxury goods company, buys €1.5M of consulting services from a British subsidiary of BCG. LMVH pays by
writing a check on its € bank account at Societe Generale in Paris, and BCG deposits the check at Banque Paribas, also in Paris.
OA Current account records a debit item of €1.5M and financial account records a credit item of €1.5M
OB. Current account records a credit item of €1.5M and financial account records a debit item of €1.5M
OC Financial account records a debit item of €1.5M and financial account records a credit item of €1.5M
OD. Current account records a credit item of €1.5M and current account records a debit item of €1.5M
Transcribed Image Text:What happens to France's BOP iLMVH, a French luxury goods company, buys €1.5M of consulting services from a British subsidiary of BCG. LMVH pays by writing a check on its € bank account at Societe Generale in Paris, and BCG deposits the check at Banque Paribas, also in Paris. OA Current account records a debit item of €1.5M and financial account records a credit item of €1.5M OB. Current account records a credit item of €1.5M and financial account records a debit item of €1.5M OC Financial account records a debit item of €1.5M and financial account records a credit item of €1.5M OD. Current account records a credit item of €1.5M and current account records a debit item of €1.5M
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