πŸ“Š International Economics
Q. In a country’s balance of payments, which of the following transactions are debits?
  • (A) Domestic bank balances owned by foreigners are decreased
  • (B) Foreign bank balances owned by domestic residents are decreased
  • (C) Assets owned by domestic residents are sold to nonresidents
  • (D) Securities are sold by domestic residents to nonresidents
πŸ’¬ Discuss
βœ… Correct Answer: (A) Domestic bank balances owned by foreigners are decreased

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