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Solved: Which of the balance of payments accounts do the following events affect a
Chapter 0, Problem 1(choose chapter or problem)
Which of the balance of payments accounts do the following events affect? a. Boeing, a U.S.-based company, sells a newly built airplane to China. b. Chinese investors buy stock in Boeing from Americans. c. A Chinese company buys a used airplane from American Airlines and ships it to China. d. A Chinese investor who owns property in the United States buys a corporate jet, which he will keep in the United States so he can travel around America.
Questions & Answers
QUESTION:
Which of the balance of payments accounts do the following events affect? a. Boeing, a U.S.-based company, sells a newly built airplane to China. b. Chinese investors buy stock in Boeing from Americans. c. A Chinese company buys a used airplane from American Airlines and ships it to China. d. A Chinese investor who owns property in the United States buys a corporate jet, which he will keep in the United States so he can travel around America.
ANSWER:Step 1 of 2
Balance of payment involves the systematic record of international transactions performed by the home country with foreign countries in a comprehensive manner.