A resident of Germany, is on a vacation in Californiaâs Waltz Disney. The resident uses hisGermany credit card to pay $1000 for a hotel room. The Disney, hotel now has a claimagainst the German credit card company. How is this transaction booked in the U.S.balance of payments accounts?The claim against the resident of German residentsâs, credit card would be booked in the U.S.balance of payment account as a credit. This claim transaction is entered in the U.S. capitalaccount with a positive sign (credit) as a $1000 export of hotel services. Additionally, thetransaction is also entered as a $1000 debit in the U.S. financial asset account because the U.S.loaned the German resident the $1000 to pay the hotel room charge.
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