Question
Consider the following events: The city of Denver, CO acquired several trams worth $100,000 from Bombardier, a Canadian transportation company. US tourists went to Antarctic
Consider the following events:
The city of Denver, CO acquired several trams worth $100,000 from Bombardier, a Canadian transportation company.
US tourists went to Antarctic and spent $50,000 on an Australian cruise ship.
The Bank of Japan increases reserves by buying $100,000 from a US bank.
A Malaysian clothes manufacturer spent $80,000 to acquire a trademark of a US company.
Goldman Sachs received a $200,000 dividend on their investment in the stocks of General Motors.
US-based office of Microsoft outsourced software engineers residing in India for $60,000.
The British division of Barclays bank invests in the US treasury bills worth $75,000.
The University of Memphis waived $30,000 tuition for an international student.
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?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started