The sale of computers to argentina is credit

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Reference no: EM132005886

1. Currency inflows (payments by residents of any other country to U.S. residents) are recorded as debits in the U.S. BOP.

TRUE

FALSE.

2. The sale of computers to Argentina is a credit in the U.S. current account.

TRUE

FALSE.

3. The purchase of clothing from China is a debit in the U.S. current account.

TRUE

FALSE.

4. The current international monetary system requires all countries to fix their exchange rates in terms of the U.S. dollar.

TRUE

FALSE.

Reference no: EM132005886

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