Essay
Where would each of the following appear in the balance of payments account?
(a)You order some tulip bulbs from a supplier in Holland.
(b)While on vacation in London,you pay to have your shoes repaired.
(c)A U.S.firm buys shares in a German company.
(d)You receive dividends from the ownership of a German company's stock.
(e)A Japanese citizen buys a U.S.bond.
(f)A U.S.company builds a manufacturing plant in Mexico.
Correct Answer:

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(a)Current account: merchandise imports....View Answer
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