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Identify the correct BOP account of USA for each of the following transactions: a. An Italian mutual fund buys US government 25-year bonds for its
Identify the correct BOP account of USA for each of the following transactions:
a. An Italian mutual fund buys US government 25-year bonds for its investment portfolio.
b. Canadian Airlines System buys jet fuel at Los Angeles Airport for its flight to Copenhagen.
c. An American student pay tuition to the University of California, Berkeley.
d. The US Air Force buys food in South Korea to supply its air crews.
e. A German insurance company pays the salaries of its executives working for its US subsidiaries.
f. A Canadian tourist pays for a restaurant meal in USA.
g. A Colombian citizen smuggles cocaine into the US, receives cash, and smuggles the dollars back into Colombia.
h. A U.K. corporation purchases a euro-denominated bond from a USA MNE.
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