Question 4 (10 marks) For each of the following transactions, indicate the component of Australian balance-of-payments accounts affected, whether it is a debit or credit to the Australian BOP, and identify the other party to the transaction. Please provide a brief comment where necessary. (2.5 marks for each part)

(a) Woolworths Limited imports wine from Chile.

(b) Cathay Pacific Airlines buys jet fuel at Sydney Airport so it can fly the return segment of a flight back to Hong Kong.

(c) A Melbourne based mutual fund buys shares of stock on the Tokyo and London stock exchanges.

(d) An Australian resident purchases a euro-denominated bond from a German company.

(e) A French defence company pays the salary of its executives working in an Australian subsidiary.