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Explain how the following transactions will be recorded in Australia's BOP Accounts: i. An Australian supermarket chain imports tea from Srilanka. Payment is made in

Explain how the following transactions will be recorded in Australia's BOP Accounts:

i. An Australian supermarket chain imports tea from Srilanka. Payment is made in Australian dollar into the exporter's account in Frankfurt.

ii. An Australian bank makes a 1 million dollar loan to a Swedish firm. The firm wants the proceeds to be credited to its dollar account with a London bank.

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