1.3. For each of the following, identify in which part of the balance-of-payments account it appears (current...
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1.3. For each of the following, identify in which part of the balance-of-payments account it appears (current account, capital account, or net change in international reserves) and whether it is a receipt or a payment.
a. A British subject's purchase of a share of Johnson & Johnson stock
b. An American's purchase of an airline ticket from Air France
c. The Swiss government's purchase of U.S. Treasury bills
d. A Japanese's purchase of California oranges
e. $50 million of foreign aid to Honduras
f. A loan by an American bank to Mexico g. An American bank's borrowing of Eurodollars
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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