FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A Swedish citizen buys a German stock directly from the firm that issues it, paying for the stock with a bank transfer to the account

image text in transcribed
image text in transcribed
A Swedish citizen buys a German stock directly from the firm that issues it, paying for the stock with a bank transfer to the account that the German firm holds at an German bank. How is this transaction accounted for in the balance of payments? a. capital account, German asset import b. none of the above. c. capital account, Swedish asset export d. financial account, German asset export

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Principles For A Changing World

Microeconomics Principles For A Changing World

Authors: Eric Chiang

4th Edition

1464186677, 978-1464186677

More Books

Students also viewed these Economics questions

Question

★★★★★
(a) Company X has been offered the rates shown in Table 7.3. It can invest for four years at 5.5%. What floating rate can it swap this fixed rate into? (b) Company Y has been offered the rates shown...

Answered: 1 week ago

Question

★★★★★
Prove that K*(x) 0, with equality only if x i = i .

Answered: 1 week ago

Question

★★★★★
6. In addition to not overloading his students with new information, how else can Mr. Beech assist his students in understanding and remembering in the future?

Answered: 1 week ago

Question

★★★★★
Morning Star Ltd was registered on 1 July 2020, as a company with a constitution limiting the shares that could be offered to 5 000 000 Ordinary shares (including all classes) and 2 000 000preference...

Answered: 1 week ago

Question

★★★★★
1. A university surveyed recent graduates of the English department for their starting salaries. Four hundred graduates returned the survey. The average salary was $25,000, with a standard deviation...

Answered: 1 week ago

Question

★★★★★
What term is used to describe total revenues minus the firm's costs, without taking opportunity cost into account

Answered: 1 week ago

Question

★★★★★
Bugs NoMore Company manufactures a product effective in controlling beetles. The company uses a standard cost system and a flexible budget. Standard cost of a gallon is as follows: Direct material: 2...

Answered: 1 week ago

Question

★★★★★
Your director at the department of Home Affairs has appointed you as the lead project manager for a project to rollout the new card type identification to all South African citizens, replacing the...

Answered: 1 week ago

Question

★★★★★
An Aluminum alloy die casting weighs 0.63 kg and the weight of the connected gating system = 0.25 kg. Hourly production rate of the die casting operation = 80 pcs/hr. The unit heating and pouring...

Answered: 1 week ago

Question

★★★★★
[Discrete Random Variables] According to an agreement between a smartphone producer and a retail company, the former delivers a large batch of smartphones of some given model. The retail company...

Answered: 1 week ago

Question

★★★★★
The trial balance before adjustment of Cyncrewd Inc. shows the following balances: Accounts receivable Allowance for doubtful accounts (AFDA) Credit sales Sales returns Dr. $225,000 Cr. 2,340 375,000...

Answered: 1 week ago

Question

★★★★★
Lan pays a semiannual premium of $400 for automobileinsurance, a monthly premium of $145 for healthinsurance, and an annual premium of $400 for life insurance. The monthly expense is $_____ . (Round...

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: Context, winwin, win-lose, ambiguity, mental model, point of reference.

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: Patterns, symmetrical relationships, complementary relationships.

Answered: 1 week ago

Question

★★★★★
1. To provide insight into how setting an overly narrow boundary can give a mes-sage a specific meaning, while setting a wider boundary can give a completely different meaning.

Answered: 1 week ago

Previous Question Next Question