Asked by
Stefanie Gueits
on Nov 26, 2024
Verified
When a U.S. agribusiness company sells 10,000 units of cow vaccine to a company in France, this transaction will represent a(n)
A) inflow of money on the current account of the U.S. balance of payments.
B) outflow of money on the current account of the U.S. balance of payments.
C) credit on the financial account of the U.S. balance of payments.
D) debit on the financial account of the U.S. balance of payments.
Agribusiness Company
A business involved in the industrialized production, processing, and distribution of agricultural goods.
Cow Vaccine
A biological preparation that provides active acquired immunity to specific diseases affecting cattle.
Current Account
Part of the balance of payments of a country, including transactions in goods, services, primary income, and secondary income.
- Acquire knowledge on the constituents and value of a nation's balance of trade.
- Discern and clarify the impact of international trade on the balance of payments for a sovereign state.
Verified Answer
AP
Learning Objectives
- Acquire knowledge on the constituents and value of a nation's balance of trade.
- Discern and clarify the impact of international trade on the balance of payments for a sovereign state.