3.18 BOP Transactions. Identify the correct BOP ac-count for each of the following transactions:

a.A German-based pension fund buys U.S. govern-ment 30-year bonds for its investment portfolio.

b. Scandinavian Airlines System (SAS) buys jet fuel at Newark Airport for its flight to Copenhagen.

c. Hong Kong students pay tuition to the University of California, Berkeley.

d. The U.S. Air Force buys food in South Korea to supply its air crews.

e. A Japanese auto company pays the salaries of its executives working for its U.S. subsidiaries.

f. A U.S. tourist pays for a restaurant meal in Bangkok.

g. A Colombian citizen smuggles cocaine into the United States, receives cash, and smuggles the dollars back into Colombia.

h. A U.K. corporation purchases a euro-denomi-nated bond from an Italian MNE