Question
Explain how the following transactions would be entered into the US balance of payments: (a) Macys purchases of $20,000 of wool socks from Australia. (b)
Explain how the following transactions would be entered into the US balance of payments:
(a) Macys purchases of $20,000 of wool socks from Australia.
(b) An US citizen opens a $1,000 bank account in Switzerland.
(c) A German citizen pays $600 for her weekend stay at a Hotel in San Francisco
(d) A US citizen receives a $2,500 dividend payment on the shares that he owns of BMW, a German company.
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International Economics
Authors: Dennis Appleyard, Alfred Field
8th Edition
978-0078021671, 0078021677
