How would the following transactions affect the balance of payments? (a) A U.S. household purchases a car
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How would the following transactions affect the balance of payments?
(a) A U.S. household purchases a car from Germany,
(b) A U.S. firm sells a bond to a Dutch investor,
(c) A Japanese citizen tours the United States, spending funds on lodging, food, and souvenirs,
(d) The U.S. government makes a gift of wheat to Somalia.
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Related Book For 
Money Banking And Financial Markets An Economic Approach
ISBN: 9780395643952
1st Edition
Authors: Michael R. Baye, Dennis Jansen
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