Current Account and Financial Account items Mark each of the following as either

Question

Current Account and Financial Account items

Mark each of the following as either a current account item, a financial account item, or neither. If it belongs to one of the accounts, indicate whether it is a positive item or a negative for the U.S. a) An American purchases a shirt made in China b) A British tourist takes a ride on a San Francisco cable car c) A Frenchman buys shares of IBM stock d) A Frenchman collects a dividend on his IBM stock e) An American buys a Honda made in Ohio f) A US immigrant remits money from the US to his mother in Honduras g) A foreigner buys a U.S. Treasury bond h) A foreigner collects interest on his U.S. Treasury bond i) A foreigner cashes in his maturing U.S. Treasury bond j) A US citizen exchanges US$ for Euros in preparation for a trip to Europe

Explanation / Answer

a)

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