Explain how the following transactions will be recorded in Germany’s balance of payments accounts: (a) A German supermarket chain imports tea from Sri Lanka. Payment is made in EUR into the exporter’s...

Explain how the following transactions will be recorded in Germany’s balance of payments accounts:

(a) A German supermarket chain imports tea from Sri Lanka. Payment is made in EUR into the exporter’s account in Frankfurt

(b) A German bank makes a 1 million dollar loan to a Swedish firm. The firm wants the proceeds to be credited to its dollar account with a London bank.

(c) An American tour operator arranges a conducted tour of Germany for a group of Americans and sends a cheque for EUR 250,000 to a German travel agent to meet the tourists’ local expenses.

(d) A German conservationist group does a land-for-loan deal with the Brazilian government. Brazil agrees to sell 500,000 hectares of Amazonian tropical forest to the group; in return  it wants the group to pay off a EUR 400 million loan it owes to a German bank.

(e) A German charity sends a cheque for EUR 5,00,000 to Sisters of Charity as a donation to the organisation.