When the imports goods from foreign countries

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Reference no: EM131955460

1. When the U.S. imports goods from foreign countries, where and how do those transactions get recorded in the balance of payments statement?

2. Analyze the following transaction. Boeing, a U.S. company sells an aircraft to Japan Airlines for $350 million. JAL makes payment by transferring funds they have kept in a Chicago bank account. Where will this transaction be recorded as a debit and where will this transaction be recorded as a credit?

Reference no: EM131955460

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