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Business, 18.10.2019 19:30 michaellagann2020

Explain how, if at all, each of the following transactions generates two entries (a credit and a debit) in the american balance of payments accounts, and describe how each entry would be classified in any of current, financial or capital account: (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) an australian tourist rents a car in the u. s. and pays with her credit card. (c) a u. s.-owned factory in britain uses local earnings to buy additional machinery.

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Explain how, if at all, each of the following transactions generates two entries (a credit and a deb...
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