For each of the following transactions, determine which U.S. balance of payments account is credited and which is debited and by how much. Assume payments for all transactions are deposited into a U.S. dollar-denominated bank account.

Instructions: Enter your answer as a whole number.

a. The United Statesimports $10 million worth of furniture from Sweden.

A credit is made to the (Click to select) financial account current account capital account for $ million.

A debit is made to the (Click to select) capital account current account financial account for $ million.

b. U.S. investors purchase $5 million in stock from companies located in Southeast Asian countries.

A credit is made to the (Click to select) current account financial account capital account for $ million.

A debit is made to the (Click to select) financial account capital account current account for $ million.

c. The United Statesexports $25 million in wheat to Mexico.

A credit is made to the (Click to select) capital account current account financial account for $ million.

A debit is made to the (Click to select) current account capital account financial account for $ million.

d. Chinese investors purchase $2 million in U.S. government bonds.

A credit is made to the (Click to select) capital account financial account current account for $ million.

A debit is made to the (Click to select) financial account current account capital account for $ million.

Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign.

e. What is the net balance of each account?

Current account: $ million

Financial account: $ million

Capital account: $ million

f. What is the sum of all accounts (current, financial, and capital)?

$ million