Suppose that the U.S. government sells old warships worth $362 million to Japan, and Japan's government pays for them with its official holdings dollar assets. How is this transaction recorded in the U.S. balance-of-payment accounts? The transaction is recorded as a $362 billion in the U.S. statistical discrepancy current account official settlements balance capital account

Suppose that the U.S. government sells old warships worth $362 million to Japan, and Japan's government pays for them with its official holdings dollar assets. How is this transaction recorded in the U.S. balance-of-payment accounts? The transaction is recorded as a $362 billion in the U.S. statistical discrepancy current account official settlements balance capital account

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter6: An Introduction To The Foreign Exchange Market And The Balance Of Payments

Section: Chapter Questions

Problem 1E

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