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2. Identify the following transactions as credits (+) or debits (-) in the Canadian Tent account (CA) or financial account (FA). Values are denoted in
2. Identify the following transactions as credits (+) or debits (-) in the Canadian Tent account (CA) or financial account (FA). Values are denoted in Canadian dollars. CA or FA Credit or Debit Canadian firms export $250 million worth of goods. Canadian citizens buy 850 worth of airplane tickets on US airlines A Canadian firm purchases a ski resort in Colorado for 830 million Canadian citizens deposit $15 million in a Chase bank account in New York Canada imports $220 million worth of goods Canadian firms borrow $45 million by issuing bonds in the US Canada's central bank buys $10 million in US treasury bills A Canadian billionaire buys the Denver Broncos for $1 million, but keeps the team in Denver Based on the current account numbers that you calculated above, does Canada run a current account deficit or surplus? And based on your assessment of Canada's current account being in deficit or surphas, is Canada a net borrower or lender from the rest of the world
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