Which of the following transactions would contribute to a U. S. current account deficit? ( ) A: A New York branch of Citicorp sells SF 75,000 to the Fed for USD 50,000. B: A department store located in New York, buys USD 200,000 worth of textiles from a South Korean company C: Natwest bank in London pays USD 100,000 to buy GBP 62,500 from the Fed. D: A Californian vineyard sells a 5000 bottles of wine to a Japanese retailer.
Which of the following transactions would contribute to a U. S. current account deficit? ( ) A: A New York branch of Citicorp sells SF 75,000 to the Fed for USD 50,000. B: A department store located in New York, buys USD 200,000 worth of textiles from a South Korean company C: Natwest bank in London pays USD 100,000 to buy GBP 62,500 from the Fed. D: A Californian vineyard sells a 5000 bottles of wine to a Japanese retailer.
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