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A loan accompanied by delivery by the United States of $2 million in military equipment...

A loan accompanied by delivery by the United States of $2 million in military equipment to Africa leads to the following in the balance of payments
Select one:
a. a $2 million debit in the capital account
b. a $2 million credit in the current account.
c. no record because the transaction was of military equipment
d. both (a) and (b)?
In Economics
1 Answers Available
Asked by Borrison on 16th May, 2019
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts