1. How would the following transactions be categorized in theU.S. balance of payments
Chapter 8, Problem 1(choose chapter or problem)
1. How would the following transactions be categorized in theU.S. balance of payments accounts? Would they be entered inthe current account (as a payment to or from a foreigner) orthe financial account (as a sale to or purchase of assets from aforeigner)? How will the balance of payments on the currentand financial accounts change?a. A French importer buys a case of California wine for $500.b.An American who works for a French company depositsher paycheck, drawn on a Paris bank, into her San Franciscobank.c. An American buys a bond from a Japanese company for$10,000.d.An American charity sends $100,000 to Africa to help localresidents buy food after a harvest shortfall.
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