Question

Exports are financially recorded as negative entries in the balance of payments since the products leave the U.S.

a. True
b. False

Answer 1

Exports are not financially recorded as negative entries in the balance of payments. They are recorded as positive entries because exports represent money coming into the country.

Step-by-step explanation:

Exports are not financially recorded as negative entries in the balance of payments. They are recorded as positive entries because exports represent money coming into the country. In the balance of payments, exports are considered a credit and they contribute to a positive balance. On the other hand, imports are recorded as negative entries since they represent money leaving the country.