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28. Assume the US has the following activities in a year. 1. Americans invested $35m in German common stocks. 2. Brazilian visitors spent $42m visiting
28. Assume the US has the following activities in a year.
1. Americans invested $35m in German common stocks.
2. Brazilian visitors spent $42m visiting Orlando Theme Parks.
3. A Japanese investor bought a hotel in Florida for $60m
4. Dell sold $12m worth of computers to Mexico
5. American banks paid $15m in interest to British investors.
6. Japanese investors bought $18m worth of U.S. Treasury Bond
Please calculate the (a) Balance on Current Account, (b) Balance on Capital Account, and (c) Balance on the Official Reserves.
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