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The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
Edition 4ISBN: 978-0133859997The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
Edition 4ISBN: 978-0133859997 Exercise 11
For each of the following, identify in which part of the balance-of-payments account it appears (current account, capital account, or net change in international reserves) and whether it is a receipt or a payment:
a. A British subject's purchase of a share of Johnson Johnson stock
b. An American's purchase of an airline ticket from Air France
c. The Swiss government's purchase of U.S. Treasury bills
d. A Japanese's purchase of California oranges
e. $50 million of foreign aid to Honduras
f. A loan by an American bank to Mexico
g. An American bank's borrowing of Eurodollars
a. A British subject's purchase of a share of Johnson Johnson stock
b. An American's purchase of an airline ticket from Air France
c. The Swiss government's purchase of U.S. Treasury bills
d. A Japanese's purchase of California oranges
e. $50 million of foreign aid to Honduras
f. A loan by an American bank to Mexico
g. An American bank's borrowing of Eurodollars
Explanation
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Verified
a. A British subject's purchase of a sha...
The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
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