Classifying Transactions. Classify each of the following as a transaction reported in a subcomponent of the current account or of the capital and financial accounts of the two countries involved:

1. A U.S. food chain imports wine from Chile:

2. A U.S. resident purchases a euro-denominated bond from a German company:

3. Singaporean parents pay for their daughter to study at a U.S. university:

4. A U.S. university gives a tuition grant to a foreign student from Singapore:

5. A British company imports Spanish oranges, paying with eurodollars on deposit in London:

6. A London-based insurance company buys U.S. corporate bonds for its investment portfolio:

7. An American multinational enterprise buys insurance from a London insurance broker:

8. A London insurance firm pays for losses incurred in the United States because of an international terrorist attack:

9. Cathay Pacific Airlines buys jet fuel at Los Angeles International Airport so it can fly the return segment of a flight segment back to Hong Kong:

10. A California-based mutual fund buys shares of stock on the Tokyo and London stock exchanges:

11. The Russian government hires a Norwegian salvage firm to raise a sunken submarine:

12. A Colombian drug cartel smuggles cocaine into the United States, receives a suitcase of cash, and flies back to Columbia with that cash: