2. How would you classify and record each of the following transactions in the Australian balance- of-payments accounts? (Hint: consider the components of the balance of payments accounts) (a) A Japanese insurance company purchases Australian commonwealth bonds and pays out of its bank account maintained in Sydney. (b) An Australian citizen consumes a meal at a restaurant in Paris and pays with her ANZ issued credit card. (c) Indian parents pay for their daughter to study at an Australian university. (d) An Australian university gives a tuition scholarship to a foreign student from Singapore. (e) A Vietnamese immigrant living in Melbourne sends a check drawn on his Commonwealth Bank account in Australia as a gift to his parents living in Hanoi. (15 marks)