Suppose Lufthansa buys 10 Boeing 747s for $150 million in 2012, financed by a five-year loan from the U.S Export—Import bank. There is a one—year grace period on principal and interest payments. What is the net impact of this sale on the U.S. balance of payments in 2012?
What is the effect of a trade deficit on the current account balance?
Asked 8 days ago
0