18. An Australian manufacturer borrows $1,000,000 from a US bank in order to pay for a new machine (priced at $1,000,000) imported from Germany. This transaction will be recorded in Australia's balance of payments as: (a) debit of $1,000,000 on both the current and capital accounts (b) credit of $1,000,000 on both the current and capital accounts (c) credit of $1,000,000 on the current account and a debit of $1,000,000 on the capital account (d) a debit of $1,000,000 on the current account and a credit of $1,000,000 on the capital account (e) a debit of $1,000,000 on the current account and a credit of $1,000,000 on the current account