Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please show me the capital account or current account, import or export after each of the tranactions. Balance Payments Tranactions during 2016 Amount 1 French
please show me the capital account or current account, import or export after each of the tranactions.
Balance Payments Tranactions during 2016 Amount 1 French citizens send in remittances to family members abroad. 2, 000, 000 Current Account 2 GM transfers from his French bank account to its U. K. account. 5,000,000 Goods & Services 3 Foreign investors purchase Sanofi (French) stock. Factor Income E 8, 000, 000 4 Peugeot French co builds a plant in South Carolina 39,000,000 Unilateral transfers 5 SocGen (French co. pays dividends to foreign shareholder E 6, 000, 000 $0 6 Danone (French co. builds a production facility in Brazil 94, 000, 000 7 Middle Eastern countries deposit crude oil profits in Paris-based 17,000,000 Capital Account accounts 8 French consumers buy clothes made in China and India 200, 000, 000 Direct Investment 50,000,000 9 French retailers import toys made in the Philippines Portfolio investments 10 A Egyptian gas retailer purchases oil from Total SA (French co. E 450, 000, 000 Other Investment 11 French investors receive dividends from their holdings of Amazon. com 80,000,000 $0 12 The Bank of Argen buys of French Treasury Bonds E 70,000,000 13 French investor buys in yen-denominated bonds from Toyota. 60,000,000 $0 103,000,000 14 French investors receive in interest from their Japanese bond holdings 15 French investors buy shares of Tesla (U.S.) 40, 000, 000 Statistical Discrepancy 16 The French Treasury pays interest to foreign lenders E 100,000,000 17 France sends unilateral aid to Haiti E 18,000,000 Change in Official Reserves 0 18 South African companies buys insurance from AXA SA (French co l 62,000,000 L (should equal cell D24) 2016 Change in 0fficial Reserves An increase of: 240, 000, 000 Instructions Given the following list of transactions for the French economy and given the change in official reserves calculate the Balance of Payments and Statistical Discrepancy f igures for the box aboveStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started