If a US resident were to visit Japan and spend $500 on food and shelter, what entries would be made into the US balance of payments? A. Travel services - credit of $500; Capital inflow - debit of $500. B. Accounts payable - debit of $500; Goods imports - credit of $500. C. Travel services - debit of $500; Capital inflow - credit of $500. D. Accounts payable - credit of $500; Inventory - debit of $500.
This question was answered on: Sep 21, 2023
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