Question Two

Explain how each of the following transactions will be classified and recorded in the debit and credit of the Tanzanian balance of payments:

a$.$ A Tanzanian consultant is hired by a French company for consulting and gets paid from the Tanzanian bank account maintained by the French company.

b$.$ A Korean insurance company purchases Tanzanian Treasury bonds and pays out of its bank account kept in Dar Es Salaam City.

c$.$ A Lebanese immigrant living in Arusha sends a check drawn on his Arusha. bank account as a gift to his parents living in Lebanon

d$.$ A Tanzanian citizen consumes a meal at a restaurant in Togo and pays with her Tanzanian Visa card.