Question
Show how and in what accounts of the US BOP the following transactions will be recorded by filling out the table for each transaction. CA
Show how and in what accounts of the US BOP the following transactions will be recorded by filling out the table for each transaction. CA = Current account; CFA= Capital and financial account; BOP = Balance of Payments. I filled out the first table as an example.
George was in the Paris bar to meet up with his Danish cousin, Georg. They both work as wine merchants and consider themselves connoisseurs. George convinces Georg to try an Arkansas chardonnay and Georg convinces George to try some Danish wine, Jutland rose. Each cousin returns home and ships a case of wine (worth $36) to the other one (they simply exchange the cases of wine, no international payment is involved).
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