Question
State how the following transactions would be recorded in Singapore's' Balance of payments. In your answer state the item , the relevant account, and whether
State how the following transactions would be recorded in Singapore's' Balance of payments. In your answer state the item, the relevant account, and whether it is a credit or a debit entry.
(i)A Singaporean resident purchases a dairy farm in New Zealand
(ii)A UK resident visits their relatives in Singapore and spends SGD 600 shopping on Orchard road.
(iii)An Australian resident purchases a factory in Malaysia from a Singaporean resident
(iv)A Singaporean company pays dividends to its Australian shareholders
(v)An Australian resident receives income for services rendered in Singapore
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