Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the u.s. department of agriculture donates $125 mi

The U.S. Department of Agriculture donates $125 million of rice to North Korea. This is recorded on...

70.2K

Verified Solution

Question

Finance

The U.S. Department of Agriculture donates $125 million of riceto North Korea.

This is recorded on the U.S. balance of payments as

Group of answer choices

Current transfers: credit

Goods: credit

Current transfers: debit

Goods: debit

Answer & Explanation Solved by verified expert
4.1 Ratings (578 Votes)
Answer Let us first understand the term Balance of PaymentsBalance of Payments refers to a statement which records all the monetary transactions between a countryits residents and the rest of the world Balance of Payments comprise of the following three components Current Account Capital Account Financial Account For this particular question we will concentrate on Current    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

The U.S. Department of Agriculture donates $125 million of riceto North Korea.This is recorded on the U.S. balance of payments asGroup of answer choicesCurrent transfers: creditGoods: creditCurrent transfers: debitGoods: debit

Other questions asked by students

Q

Question 14 Suppose you are given the following information for the Legends of Clash Co. Debt: 18,000 bonds...

Finance
Q

QUESTION 21 Describe the function of FOS in normal cells and cancer cells. For a complete answer, you...

Biology
Q

Of the following answers, which correctly describes why herd immunity against SARS-CoV-2 would result in reduced...

Medical Sciences
Q

Be able to list 5 functions of blood and EXPLAIN (using complete sentences) 3 ways that...

Medical Sciences
Q

For the given function f, evaluate f(-1), (0), (2), and (4).f(x)= x-2...

Basic Math
Q

Decide from the graph whether a limit exists If a limit exists find its value...

Calculus
Q

Find the measure of the missing angles b 0 C mun ntokka 0 bc 85

Algebra
Q

On June 30, 2011, Gunderson Electronics issued 8% stated rate bonds with a face amount...

Accounting
Q

CH9HW(i) Help Save 2 5 points Skipped eBook Print References ...

Accounting
Q

The production budget for Manner Company shows units to be produced as follows: July, 600;...

Accounting
Q

Using a financial calculator Bond James Bond Corporation has 6 percent coupon...

Finance
Q

5 573 800 The before-tax cash flow from the sale of the property is expected...

Accounting