3. Explain how each of the following transactions generates two entries a credit and mooni 2.U a debit in the American balance of payments accounts, and describe how each entry would be classified: da do bing 01 a. An American buys a share of German stock, paying by writing a check on an account with a Swiss bank. b. An American buys a share of German stock, paying the seller with a check on an American bank. c. The Korean government carries out an official foreign exchange intervention in which it uses dollars held in an American bank to buy Korean currency from its citizens. (900 2.0 16)