3.13 Classifying Transactions. Classify each of the follow- ing as a transaction reported in a sub-component...

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3.13 Classifying Transactions. Classify each of the follow- ing as a transaction reported in a sub-component of the current account or of the capital and financial accounts of the two countries involved: a. A U.S. food chain imports wine from Chile. b. A U.S. resident purchases a euro-denominated bond from a German company. c. Singaporean parents pay for their daughter to study at a U.S. university. d. A U.S. university gives a tuition grant to a foreign student from Singapore. e. A British company imports Spanish oranges, pay- ing with eurodollars on deposit in London. f. The Spanish orchard deposits half its proceeds into a eurodollar account in London. g. A London-based insurance company buys U.S. corporate bonds for its investment portfolio. h. An American multinational enterprise buys insurance from a London insurance broker. i. A London insurance firm pays for losses incurred in the United States because of an international terrorist attack. j. Cathay Pacific Airlines buys jet fuel at Los Ange- les International Airport so it can fly the return segment of a flight back to Hong Kong. k. A California-based mutual fund buys shares of stock on the Tokyo and London stock exchanges. 1. The U.S. army buys food for its troops in South Asia from local vendors.