1) Indicate how the following transaction is entered into the Zambia balance of payments with double-entry bookkeeping: (a) A Zambian commercial bank exchanges k8,000 000 worth of dollars for kwacha at the Zambia central Bank. What effect does this transaction have on the official settlements balance of Zambia?

b) Indicate how the following transaction is entered into bookkeeping: A Zambian resident receives a dividend of K1,000,000 on her foreign stock and deposits it into her bank account abroad.

macroeconomics balance of payments