Question
Consider the following events Overseas telecommunication companies are paying $400,000 to US filmmakers for broadcasting TV shows Morgan Stanley bought US Treasury Bills worth $1
Consider the following events
Overseas telecommunication companies are paying $400,000 to US filmmakers for broadcasting TV shows
Morgan Stanley bought US Treasury Bills worth $1 Billion
A Canadian liquor store LCBO sold vine worth $100,000, 30,000 of which was sold to customers
A US telecom company bought patents from Nokia (Finland) for $1 million
Wells Fargo received $500,000 in dividends from overseas holdings
US Government contributed $100,000 to the BIRD foundation sponsoring research at Tel Aviv University
A senior residing in New York moved to the Orange County and brought the retirement savings worth $ 700,000
Credit Agricole, a major French bank, purchased shares of a US-based pharmaceutical company for $800,000
a) What is the net of the current account?
b) What is the net of the capital account?
c) What is the net of the financial account?
d) What is the net of the balance of payments?
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