Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
Practice Problems on Balance of Payments
2. Classify the following transactions from the U.S. balance of payments perspective:
a. A U.S. tourist travel to Frankfurt and spends €1,000 on bratwurst and beer. He pays with a check drawn on a Tulsa, Oklahoma, bank.
b. Mercedes-Benz sells €400,000 of its cars to a U.S. distributor, allowing 90 days’ trade credit until payment is due.
c. A resident in Sun City, Arizona, receives a €4,000 dividend check from a German corporation and deposits it in a local bank.
d. The U.S. Treasury buys €10,000,000 worth of German government bonds paid for with a deposit in a German bank.
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