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Unformatted text preview: -EX: suppose you imported shoes from Italy worth $35,000, how would you represent it on your Balance of Payments? Now, suppose you set up a shoe factory in Italy for $3,000,000? Credits Debits-35,000 Import Merchandising Goods 3,000,000 Investment Income 35,000 Foreign Assets in the US 3,000,000 US assets abroad Balance of Payment...
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- Fall '11