3. For each of the following, identify in which part of the balance-of-payments account it appears (current account, capital account, or method of financing) 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