Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Explain how the following items would be entered into the U. S. balance of payments. State Category Number; Entry and both Debit and Credit entries.

Explain how the following items would be entered into the U. S. balance of payments. State Category Number; Entry and both Debit and Credit entries. (40 points):

a. A disaster relief shipment of wheat from the U.S. to Bangladesh:

b. Imports of textile machinery from China

c. A $ 1,000,000 Japanese purchase of U. S. government bonds

d. Hotel expenses in Geneva by a U.S. tourist.

e. The purchase of a BMW automobile by a U.S. resident.

f. Interest earned on a bank account in London by a U.S. resident.

g. The Union Carbide (a U.S. corporation) purchase of a French chemical plant

h. Sales of lumber to Japan by a U.S. exporter.

i. The shipment of Fords to the United States from a Mexican production plant; and the profits from that same plant

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

E Marketing

Authors: Raymond Frost

7th Edition INTERNATIONAL EDITION

0132953443, 978-0132953443

More Books

Students also viewed these Economics questions

Question

Statistical regression: Were extreme groups used?

Answered: 1 week ago

Question

5. Give examples of binary thinking.

Answered: 1 week ago