Suppose Lufthansa buys 10 Boeing 747s for $150 million in 1991, financed by a five-year loan from the US Export-Import Bank. There is a one-year grace period on principal and interest payments. Which one of the following would NOT be one of the net impacts of this sale in 1991? a . a $150 million reduction in the U.S. trade deficit b . zero change in the U.S. balance of payments in 1991 c . a $150 million reduction in the U.S. capital account surplus d . a $150 million increase in the U.S. trade deficit
Suppose Lufthansa buys 10 Boeing 747s for $150 million in 1991, financed by a five-year loan from the US Export-Import Bank. There is a one-year grace period on principal and interest payments. Which one of the following would NOT be one of the net impacts of this sale in 1991? a . a $150 million reduction in the U.S. trade deficit b . zero change in the U.S. balance of payments in 1991 c . a $150 million reduction in the U.S. capital account surplus d . a $150 million increase in the U.S. trade deficit
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Suppose Lufthansa buys 10 Boeing 747s for $150 million in 1991, financed by a five-year loan from the US Export-Import Bank. There is a one-year grace period on principal and interest payments. Which one of the following would NOT be one of the net impacts of this sale in 1991?
a . a $150 million reduction in the U.S.
b . zero change in the U.S. balance of payments in 1991
c . a $150 million reduction in the U.S. capital account surplus
d . a $150 million increase in the U.S. trade deficit
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