A debit in the U.S.current account would be represented by
A) earnings on U.S. investments abroad flowing into the United States.
B) gifts that Americans make to the poor in Africa.
C) Chinese investors purchasing the securities of the U.S. government.
D) exports of Boeing jetliners to South Korea.

Question

Quizplus · Accepted Answer

A debit in the U.S. current account typically reflects money flowing out of the country, such as gifts or aid to other countries, which is represented by option B. Options A, C, and D represent credits or inflows to the U.S. economy.

A Debit in the U