• 2022-06-12
    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.