1.Explain where the U.S. balance of payments an entry would be recorded for each of the following: a.A Hong Kong financier buys some U.S. corporate stockb.A U.S. tourist in Paris buys some perfume to take home.c.A Japanese company sells machinery to a pineapple company in Hawaii.d.U.S. farmers gave food to starving children in Ethiopia.e.The U.S. treasury sells a bond to a Saudi Arabian prince.f.A U.S. tourist flies to France on Air France.g.A U.S. company sells insurance to a foreign firm
.Explain where the U.S. balance of payments an entry would be recorded for each of the following: a.A Hong Kong financier buys some U.S. corporate stockb.A U.S. tourist in Paris buys some perfume to take home.c.A Japanese company sells machinery to a pineapple company in Hawaii.d.U.S. farmers gave food to starving children in Ethiopia.
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Aug