Multiple Choice
When a U.S.resident (1) purchases foreign treasury bills and pays by (2) drawing down his bank balances abroad,the U.S.:
A) debits short-term financial and credits official reserves
B) debits financial account for (1) and credits financial account for (2)
C) debits official reserves and credits financial account
D) credits short-term capital and debits official reserves
Correct Answer:
Verified
Correct Answer:
Verified
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