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MacroEconomics a) An Iraqi NGO receives a donation of 1M from the European Commission. The donation consists of a check on a bank account that

MacroEconomics

a) An Iraqi NGO receives a donation of 1M from the European Commission. The donation consists of a check on a bank account that the EU Commission owns in Lebanon. Record these transactions in the Iraqi CA, FA, FL.

b) Burkina Faso is forgiven $10M of its debt owed to the World Bank. Record these transactions in the Burkina Faso KA, FA, FL.

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