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kennedy Craig
on Nov 12, 2024

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The value of a country's exports is listed in its balance of payments account as a(n) _____.

A) credit
B) debit
C) payment
D) investment
E) unilateral transfer

Balance of Payments

A record of all economic transactions between the residents of a country and the rest of the world within a certain period.

Exports

Products or services transferred from one nation to another for the purpose of sale or exchange.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.

  • Distinguish between credits and debits in the balance of payments' accounting.
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JT
Janam ThapaNov 13, 2024
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