Determine which account of the Balance-of-Payments is affected the following transaction: National Commercial Bank, a local company, pays USS1 million in dividends to foreign shareholders. Select one O a Capital Account - Portfolio Investment Ob. Current Account-Imports Oc. Current Account- Transfers Od. Current Account-Exports Oe. Capital Account - Foreign Direct Investment
Determine which account of the Balance-of-Payments is affected the following transaction: National Commercial Bank, a local company, pays USS1 million in dividends to foreign shareholders. Select one O a Capital Account - Portfolio Investment Ob. Current Account-Imports Oc. Current Account- Transfers Od. Current Account-Exports Oe. Capital Account - Foreign Direct Investment
Brief Principles of Macroeconomics (MindTap Course List)
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Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
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![Determine which account of the Balance-of-Payments is affected the following transaction:
National Commercial Bank, a local company, pays USS1 million in dividends to foreign shareholders.
Select one
O a. Capital Account - Portfolio Investment
Ob. Current Account - Imports
Oc. Current Account - Transfers
Od. Current Account - Exports
O e. Capital Account - Foreign Direct Investment](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F60d43498-c6b3-4aa7-a7b3-d7af23b704eb%2F44f17e4f-43f4-49fb-8b31-5badba1e1fc4%2F2loojko_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Determine which account of the Balance-of-Payments is affected the following transaction:
National Commercial Bank, a local company, pays USS1 million in dividends to foreign shareholders.
Select one
O a. Capital Account - Portfolio Investment
Ob. Current Account - Imports
Oc. Current Account - Transfers
Od. Current Account - Exports
O e. Capital Account - Foreign Direct Investment
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