Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Match each of the following transactions with its corresponding Balance of Payments account entry. CREDITS DEBITS US Balance of Payments (billions $) CURRENT ACCOUNT 1)

image text in transcribedMatch each of the following transactions with its corresponding Balance of Payments account entry.

CREDITS DEBITS US Balance of Payments (billions $) CURRENT ACCOUNT 1) Exports Merchandise Caterpillar sells a crane to Tata Group in India Services JPMorgan provdes consulting to Alibaba 2) Imports Merchandise Services +1,069.5 773.3 T296.2 -1,438.0 -1,222.8 -215.2 +345.4 3) Primary Income 4) Secondary Income -359.1 -53.2 Balance on Current Account (1+2+3+4) -435.4 FINANCIAL ACCOUNT -523.3 -0.3 -523.0 5) US Assets Held Abroad (increase = negative sign) Official reserve assets Federal Reserve swaps USD for JPY Other private assets 6) Foreign Assets Held in the US increase = positive sign) +953.1 Official reserve assets Malaysian government buys US Treasury bills Other private assets 1917.2 Balance on Financial Account (5+6) +429.8 Statistical Discrepancy - (1+2+3+4+5+6) +5.6 You pay for Australian wine You buy wine from Australia You take a tour of the Egyptian Pyramids You send $500 to your uncle in Spain USBank pays interest on Certificate of Deposit owned by Honda

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Overcoming Debt Achieving Financial Freedom

Authors: Cindy Zuniga-Sanchez

1st Edition

1119902320, 978-1119902324

More Books

Students also viewed these Finance questions

Question

4. How is integer linear programming used to schedule staff?

Answered: 1 week ago