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(b) Identify how each of the following transactions will be classified and recorded in the debit and credit of Malaysia's balance of payments. (i) A
(b) Identify how each of the following transactions will be classified and recorded in the debit and credit of Malaysia's balance of payments. (i) A Japanese insurance company purchases Malaysia's Treasury bonds worth RM100,000 and pays out of its bank account kept in Kuala Lumpur. (4 marks) (ii) A Malaysian citizen consumes a meal at a restaurant in Paris for RM700 and pays with her Maybank VISA credit card. (4 marks) (i) An Indian immigrant living in Seremban sends a RM2,000 cheque drawn on his CIMB bank account as a gift to his parents living in Bombay. (4 marks) (iv) A Malaysian programmer is hired by a British company for consulting and gets paid RM8,000 from the Malaysian bank account maintained by the British company
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