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5. generally speaking, any transaction that results in a payment to foreigners a. will be recorded as a debit, with a negative sign, in the u.s. balance of payments. b. will be recorded as a debit, with a positive sign, in the u.s. balance of payments. c. will be recorded as a credit, with a negative sign, in the u.s. balance of payments. d. will be recorded as a credit, with a positive sign, in the u.s. balance of payments.

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Any payment made by one nation to another and the market in which national currencies are bought and sold by those who require them for such payments are referred to as international payment and exchange, also known as foreign exchange.

Is any transaction that results in a receipt from foreign individuals recorded as a credit in the balance of payments accounts?

The statistical record of a nation's international transactions over a specific time period is known as a BOP. This double-entry bookkeeping system records payments to foreigners as debits and receipts from foreigners as credits.

How are foreign exchange transactions settled between international banks?

The interbank market is a network of correspondent banking relationships in which large commercial banks keep correspondent bank accounts, or demand deposit accounts, with one another.

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