Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Carbon Markets Or Climate Finance?

Authors: Axel Michaelowa

1st Edition

0415743435, 978-0415743433

More Books

Students also viewed these Finance questions