Food aid to developing nations

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Reference no: EM13685104

Indicate how the following transactions are entered in to the U.S. balance payments with double- entry bookkeeping:
(a) The U.S government gives $100 worth of food aid to developing nations.
(b) What is the difference in their effect on the balance of payments between transaction (a) in this problem, on the one hand, and the net results of transaction ( a) and (b) in Problem 2, on the other?

Reference no: EM13685104

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