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International Financial Management 6th Edition by Sanjiv Eun, Cheol Resnick, Bruce Sabherwal
Edition 6ISBN: 978-0071316972International Financial Management 6th Edition by Sanjiv Eun, Cheol Resnick, Bruce Sabherwal
Edition 6ISBN: 978-0071316972 Exercise 9
Explain how each of the following transactions will be classified and recorded in the debit and credit of the U.S. balance of payments:
(1) A Japanese insurance company purchases U.S. Treasury bonds and pays out of its bank account kept in New York City.
(2) A U.S. citizen consumes a meal at a restaurant in Paris and pays with her American Express card.
(3) A Indian immigrant living in Los Angeles sends a check drawn on his L.A. bank account as a gift to his parents living in Mumbai.
(4) A U.S. computer programmer is hired by a British company for consulting and gets paid from the U.S. bank account maintained by the British company.
(1) A Japanese insurance company purchases U.S. Treasury bonds and pays out of its bank account kept in New York City.
(2) A U.S. citizen consumes a meal at a restaurant in Paris and pays with her American Express card.
(3) A Indian immigrant living in Los Angeles sends a check drawn on his L.A. bank account as a gift to his parents living in Mumbai.
(4) A U.S. computer programmer is hired by a British company for consulting and gets paid from the U.S. bank account maintained by the British company.
Explanation
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International Financial Management 6th Edition by Sanjiv Eun, Cheol Resnick, Bruce Sabherwal
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