Explain how if at all each of the following transactions, Ask an Expert

Economics

describe how, if at all, each of the following transactions generates two entries (a credit and a debit) in the U.S. balance of payments accounts and describe how each entry would be classified:

(a) A U.S. resident buys shares of a Portuguese company paying via wire transfer from her Wells Fargo account to a Portuguese bank.

(b) A U.S.-owned company in Britain uses local earnings to buy an additional machine.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M953035

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