Suppose an economics professor receives a $10000 royalty check from a foreign p

Suppose an economics professor receives a $10000 royalty check from a foreign publishing company and deposits the amount in a local bank. This transaction
would be recorded as:
A)a $10000 credit entry in the domestic services account.
B)a $5000 debit entry in the domestic capital account.
C)a $20000 debit entry in the domestic capital account.
D)a $10000 credit entry in the domestic capital account.
E)a $10000 debit entry in the domestic services account. The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into
and out of the country.
A)universal transfer; financial
B)universal transfer; current
C)current; financial
D)capital; current
E)capital; financial Identify the correct statement.
A)The United States was an international net debtor from the end of World War
I until the mid-1980s.
B)The United States was an international net creditor from the end of World
War I until the mid-1980s.
C)In 1945 the United States became an international net debtor for the first
time in almost 70 years.
D)In 1985 the United States became an international net creditor for the
first time in almost 70 years.
E)The net creditor status of the United States has grown steadily since
1985.