CEE Balance of Payments - BOP Name Part I - The Theory Directions: For each of the transactions below, record both the "Debit" and "Credit" for each country. You must also decide if the transaction belongs in the "Current Account" or a "Capital Account". To prove that debits equal credits, the balance of payments should equal zero. Alpha Omega Current Account Current Account Debit Credit Net Debit Credit Net Exports Exports Imports Imports Trade Balance Trade Balance Investment Income Received Investment Income Received Investment Income Paid Investment Income Paid Net Investment Income Net Investment Income Transfers from the World Transfers from the World Transfers to the World Transfers to the World Net Unilateral Transfers Net Unilateral Transfers Current Account Balance Current Account Balance Capital Account Capital Account Capital Inflows Capital Inflows Capital Outflows Capital Outflows Net Capital Inflow Net Capital Outflow Statistical Discrepancy Statistical Discrepancy Balance of Payments Balance of Payments [a.] Alpha buys a graphing calculator from Omega for $50. [b.] Omega downloads a movie from Alpha for $5 [c.] Alpha immigrants send $100 back to Omega relatives [d.] Alpha corporations pay $20 dividends to Omega stockholders. [e.] The Alpha government sells $75 in bonds to Omega [ f.] Rouge Omega investors buy Alpha junk bonds for $15. [g.] Alpha investors receive interest payments from Omega Government of $10 [h.] Alpha businesses borrow $65 from Omega Banks