Suppose an economics professor receives a $10,000 royalty check from a foreign p

Question

Suppose an economics professor receives a $10,000 royalty check from a foreign publishing company and deposits the amount in a local bank. This transaction would be recorded as: A)a $10,000 credit entry in the domestic services account.
B)a $5,000 debit entry in the domestic capital account.
C)a $20,000 debit entry in the domestic capital account.
D)a $10,000 credit entry in the domestic capital account.
E)a $10,000 debit entry in the domestic services account.

The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into and out of the country. A)universal transfer; financial
B)universal transfer; current
C)current; financial
D)capital; current
E)capital; financial

Identify the correct statement. A)The United States was an international net debtor from the end of World War I until the mid-1980s.
B)The United States was an international net creditor from the end of World War I until the mid-1980s.
C)In 1945, the United States became an international net debtor for the first time in almost 70 years.
D)In 1985, the United States became an international net creditor for the first time in almost 70 years.
E)The net creditor status of the United States has grown steadily since 1985. Suppose an economics professor receives a $10,000 royalty check from a foreign publishing company and deposits the amount in a local bank. This transaction would be recorded as: A)a $10,000 credit entry in the domestic services account.
B)a $5,000 debit entry in the domestic capital account.
C)a $20,000 debit entry in the domestic capital account.
D)a $10,000 credit entry in the domestic capital account.
E)a $10,000 debit entry in the domestic services account.
Suppose an economics professor receives a $10,000 royalty check from a foreign publishing company and deposits the amount in a local bank. This transaction would be recorded as:
The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into and out of the country. A)universal transfer; financial
B)universal transfer; current
C)current; financial
D)capital; current
E)capital; financial
The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into and out of the country. A)universal transfer; financial
B)universal transfer; current
C)current; financial
D)capital; current
E)capital; financial
The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into and out of the country.
Identify the correct statement. A)The United States was an international net debtor from the end of World War I until the mid-1980s.
B)The United States was an international net creditor from the end of World War I until the mid-1980s.
C)In 1945, the United States became an international net debtor for the first time in almost 70 years.
D)In 1985, the United States became an international net creditor for the first time in almost 70 years.
E)The net creditor status of the United States has grown steadily since 1985. Identify the correct statement. A)The United States was an international net debtor from the end of World War I until the mid-1980s.
B)The United States was an international net creditor from the end of World War I until the mid-1980s.
C)In 1945, the United States became an international net debtor for the first time in almost 70 years.
D)In 1985, the United States became an international net creditor for the first time in almost 70 years.
E)The net creditor status of the United States has grown steadily since 1985. Identify the correct statement.

Explanation / Answer

Hi, If you like my answer, please rate my answer first and according to my answer...that way only I can earn points. Thanks Suppose an economics professor receives a $10,000 royalty check from a foreign publishing company and deposits the amount in a local bank. This transaction would be recorded as: D)a $10,000 credit entry in the domestic capital account. The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into and out of the country. C)current; financial Identify the correct statement. B)The United States was an international net creditor from the end of World War I until the mid-1980s. (Not completely sure of this question)

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