N1)Identify whether each of the following is a debit or a credit in Mexico's BOP and indicate where the item would be classified.( Specifically indicate the account and the item as credit or debit) (15P)

a)Mexican firms export $100 million worth of goods.

b)Mexicancitizens purchase $30 million on travelling overseas.

c)A Mexican firm purchases a shoe factory in Bolivia for $20 million.

d)Mexico receives $10 million in foreign aid from the United States.

e)Mexican citizens deposit $5 million in Citibank account in New York.

f)Mexico imports $110 million worth of goods.

g)Mexican firms borrow $45 million by issuing bonds in the United States.

h)U.S. firms earn (and repatriate) $5 million in profits from operations in Mexico.

h)The Mexican Central bank buys $15 million in U.S. Treasury bills.

Suppose that these are all of the entries in Mexico's BOP table.

State if Mexico is net lender or borrower vis- a -vis the rest of the world?

Calculate the value of errors and omissions.