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When a business pays in dollars for an import from Turkey, the dollars that leave the United States will eventually show up as a credit on the U.S. capital account?

User Khaino
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Final answer:

When a business pays in dollars for an import from Turkey, the dollars that leave the United States will eventually show up as a credit on the U.S. capital account.

Step-by-step explanation:

When a business pays in dollars for an import from Turkey, the dollars that leave the United States will eventually show up as a credit on the U.S. capital account. The U.S. capital account records the flow of money resulting from purchases or investments in foreign countries

In this case, the import payment to Turkey represents an outflow of dollars, which is a debit on the U.S. capital account. However, if Turkey later uses those dollars to purchase goods or invest in the United States, it will result in a credit on the U.S. capital account.

User BkSouX
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