For each of the following, identify whether they increase or decrease the balance on Australias current account.
Question:
For each of the following, identify whether they increase or decrease the balance on Australia’s current account.
a. An Australian’s purchase of an airline ticket from Air France
b. A Japanese’s purchase of Australian wine
c. A $50 million of foreign aid to Honduras
d. A worker in Sydney who sends money to his or her parents in China
e. The services an Australian accounting firm provides to a New Zealand firm
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Related Book For
Financial Markets And Institution
ISBN: 9781292459547
10th Global Edition
Authors: Frederic Mishkin, Stanley Eakins
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