If Nigeria imports vehicles from Japan the transaction will appear as a
- debit on Japan's balance of payments
-
credit on Japan's balance of payments
- credit on Nigeria's balance of trade
- credit on Nigeria's balance of payment
The correct answer is: B
Explanation
The balance of payments (BOP) is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time, such as a quarter or a year.
Japan's current account in the balance of payment will have a credit balance to the tone of the car value in monetary terms while Nigeria's capital account will be debited