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Business, 27.05.2020 23:59 chinyere614

Describe how each of the following transactions affects the U. S. Current Account (increase or decrease in the Trade Balance, Net Payments from Abroad, or Net Unilateral Transfers), and in the external wealth or net foreign assets (increase or decrease) Example of a transaction: US exports 2,000,000 dollars worth of computers to Mexico. Mexico pays in US dollars. Current account increases by 2,000,000 (trade balance), and net foreign assets rise by 2,000,000 (higher US dollar reserves).

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