Look at each of the following cases from the point of view of the balance of payments for the United States. Determine the subcategory of the current account or financial account that each transaction...


Look at each of the following cases from the point of view of the balance of payments for the United States. Determine the subcategory of the current account or financial account that each transaction would be classified in and state whether it would enter as a credit or debit.


a. A migrant worker in California receives $100 from his relatives in Mexico.


b. An Argentinian investment fund uses its deposits to buy gold in America.


c. A Chinese firm in Dallas buys computers from a subsidiary in Beijing.


d. The U.S. government commits to aid the Somali government for funding educational programs.


e. An American company purchases a new delivery truck from a Swedish company.


f. The Mexican government sells dollars to the U.S. Treasury to buy pesos.


g. The U.S. government sells T-bills in exchange for gold.







May 03, 2022
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