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    Foreign currency balance of payments, current account & capital

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    Why would a U.S. resident ever wish to acquire foreign currencies? Relate to transactions in the current account and the capital account.

    © BrainMass Inc. brainmass.com October 9, 2019, 3:21 pm ad1c9bdddf
    https://brainmass.com/economics/international-investment/foreign-currency-balance-of-payments-current-account-capital-2247

    Solution Preview

    There is no one right answer in Economics, other than theories.

    Why would a U.S. resident ever wish to acquire foreign currencies? Relate to transactions in the current account and the capital account.

    There may be several reasons for a U.S. resident to acquire foreign currency. One probable reason can be:

    Suppose, a U.S. resident travels to a foreign country. He ...

    Solution Summary

    The expert determines why a United States resident would ever wish to acquire foreign currencies.

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