A New Yorker travels to New Jersey to buy a $100 telephone answering machine. She pays for the machine with a check that the company that sold the machine deposits into its account at a New York bank. How would this transaction show up in the balance of payments accounts of New York and New Jersey? This transaction will show up as debit in the financial account of New York and as credit in the financial account of New Jersey The offsetting transaction will show up as account of New Jersey in the account of New York and as in the

A New Yorker travels to New Jersey to buy a $100 telephone answering machine. She pays for the machine with a check that the company that sold the machine deposits into its account at a New York bank. How would this transaction show up in the balance of payments accounts of New York and New Jersey? This transaction will show up as debit in the financial account of New York and as credit in the financial account of New Jersey The offsetting transaction will show up as account of New Jersey in the account of New York and as in the

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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