Frank is a citizen of France. He wants a better return on his savings than he gets in France, so he buys newly issued government bonds from the America. How is this purchase counted in the balance of payments in each country

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?