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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?
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