Question

Show (using the credit/debit tables) how each of the following would affect the U.S. balance of...

Show (using the credit/debit tables) how each of the following would affect the U.S. balance of payments (BOP). Your records should include a description of the transaction being recorded and the accompanying credit/debit entry in the CA, FA or KA accounts.

  1. a) A California computer manufacturer purchases a hard disk from a Malaysian company, using a

    bank account in Malaysia.

  2. b) The U.S. central bank sells some of its holdings of U.S. Treasury bonds to a British financial

    firm.

  3. c) The U.S. government ships one hundred tons of foreign aid supplies to Indonesia.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Show how each of the following would affect the U.S. balance of payments. Include a description...
Show how each of the following would affect the U.S. balance of payments. Include a description of the debit and credit items, and in each case state which specific account is affected: the current account (CA), the capital account (KA), the non-reserve financial account (F ANR), or the official settlements balance (OSB)? (a) (3 points)A California computer manufacturer purchases a$50 hard disk from a Malaysian company, paying the funds from a bank account in Malaysia. b) (3 points)A U.S. tourist...
Show (using the credit/debit tables) how each of the following would affect the U.S. BOP. Your...
Show (using the credit/debit tables) how each of the following would affect the U.S. BOP. Your records should include a description of the transaction being recorded, which specific account is affected (e.g., exports [EX], home financial account assets [EXHA], etc.), and the accompanying credit/debit entry. a. A U.S. airplane manufacturer imports $500,000 in parts from a Canadian firm. It uses a U.S. bank account to pay for the parts. b. An Italian tourist charges $600 to his Mastercard (issued by...
8 How would each of the following transactions show up on the U.S. BOP(Balance of Payments)...
8 How would each of the following transactions show up on the U.S. BOP(Balance of Payments) accounts? Payment of $50 million in Social Security to U.S. citizens living in Costa Rica. service, debit net investment income, credit unilateral transfers, debit capital account, debit goods/merchandise, credit
3. Show how each of the following would affect the U.S. BOP. Your records should include...
3. Show how each of the following would affect the U.S. BOP. Your records should include (i) a de- scription of the transaction being recorded, (ii) which specific account is affected (e.g., exports [EX], home financial account assets [EXAH], etc.), and (iii) the accompanying credit/debit entry. (a) A U.S. airplane manufacturer imports $600,000 in parts from a Canadian firm. It uses a U.S. bank account to pay for the parts. (b) The Bank of England (BoE = U.K. central bank)...
Describe how each of the following transactions affects the U.S. Current Account (increase or decrease in...
Describe how each of the following transactions affects the U.S. Current Account (increase or decrease in the Trade Balance, Net Payments from Abroad, or Net Unilateral Transfers), and in the external wealth or net foreign assets (increase or decrease) An American university buys several park benches from Spain and pays with a $120,000 check. Floyd Townsend, of Tampa, Florida, buys 5,000.00 dollars worth of British Airlines stock from Citibank New York, paying with U.S. dollars. A French consumer imports American...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT