3. For each of the following, identify whether they increase or decrease the balance on current account.

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3. For each of the following, identify whether they increase or decrease the balance on current account. a. An American’s purchase of an airline ticket from Air France b. A Japanese’s purchase of California oranges c. million of foreign aid to Honduras d. A worker in California who sends money to his or her parents in Mexico e. The services an American accounting firm provides to a German firm

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Financial Markets And Institutions

ISBN: 9780134519265

9th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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