For each of the following, identify in which part of the balance-of-payments account the transaction is recorded

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For each of the following, identify in which part of the balance-of-payments account the transaction is recorded (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. A Canadian’s purchase of an airline ticket from Air France

c. The Swiss government’s purchase of Canada bonds

d. A Japanese citizen’s purchase of Canadian wine

e. $50 million of foreign aid to Honduras

f. A loan by a Canadian bank to Mexico g. A Canadian bank’s borrowing of Eurodollars

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Related Book For  book-img-for-question

The Economics Of Money Banking And Financial Markets

ISBN: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

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