'3. For each of the following, identify in which parr of the balance-of-payments account it appears (Cur-...

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'3. For each of the following, identify in which parr of the balance-of-payments account it appears (Cur-

rent account, capital account. or method of financ-

ing) and whether it is a receipt or a payment,

a. A British subjectS purchase ot a share of John-

son & Johnson stock

b. An Americans purchase Of an airline ticket front Air France

c. The Swiss government's purchase Of U.S.

Sury bills

d. A Japanese's purchase Of California oranges

e. S50 millim of foreign aid to Honduras r. A loan by an American bank to Mexico

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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