Question

In a country's balance-of-payments, which of the following transactions are debits?

a. Foreign bank balances owned by domestic residents are decreased.
b. Assets owned by domestic residents are sold to nonresidents.
c. Domestic bank balances owned by foreigners are decreased.
d. Securities are sold by domestic residents to nonresidents.

Answer 1

C. Domestic bank balances owned by foreigners are decreased

Step-by-step explanation: