ECONOMICS
BALANCE OF TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Harley-Davidson USA purchases $25 million in production machinery from a Japanese company.
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Current account
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Capital/Financial account
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Does Z-Land have a current account deficit or surplus? How do you know? Z-Land is running a current account deficit. Imports of goods and services exceed exports of goods and services.
Detailed explanation-2: -Andre Prenoor, US entrepreneur, invests $50 million to develop a theme park in Malaysia. 3. A Chinese company sells $1 million worth of berets to the US Army.
There is 1 question to complete.