Which of the following financial transaction items is entered as a debit in the U.S. balance of payments?
A. A U.S. resident transfers $100 from his account at Credit Suisse in Basel (Switzerland) to his account at a San Francisco branch of Wells Fargo Bank.
B. A French resident transfers $100 from his account at Wells Fargo Bank in San Francisco to his Credit Suisse account in Basel.
C. A U.S. resident sells his Credit Suisse stock to a French resident.
D. A U.S. resident sells his IBM stock to a French resident.
Answer: B
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