Holding 1,000 shares of Citibank listed in the New York Stock Exchange, a kiwi pension fund in Auckland received the dividend income of US$510 in February 2021. In September 2021, the pension fund liquidated its holding of Citibank's stock and invested that amount in Fonterra's shares listed in the New Zealand Stock Exchange. These transactions the U.S. current account and, the NZ financial account.
Holding 1,000 shares of Citibank listed in the New York Stock Exchange, a kiwi pension fund in Auckland received the dividend income of US$510 in February 2021. In September 2021, the pension fund liquidated its holding of Citibank's stock and invested that amount in Fonterra's shares listed in the New Zealand Stock Exchange. These transactions the U.S. current account and, the NZ financial account.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question 6
Holding 1,000 shares of Citibank listed in the New York Stock Exchange, a kiwi
pension fund in Auckland received the dividend income of US$510 in February 2021.
In September 2021, the pension fund liquidated its holding of Citibank's stock and
invested that amount in Fonterra's shares listed in the New Zealand Stock Exchange.
These transactions
the U.S. current account and
the NZ financial
account.
O improve; improve
O worsen; worsen
improve; worsen
worsen; improve](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe14b1e71-faf4-476d-8b0a-000244f64ab7%2F3e3b3f62-aa58-4af7-9f60-af6c0fbedd6c%2Fhqdhx8g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Incorrect
Question 6
Holding 1,000 shares of Citibank listed in the New York Stock Exchange, a kiwi
pension fund in Auckland received the dividend income of US$510 in February 2021.
In September 2021, the pension fund liquidated its holding of Citibank's stock and
invested that amount in Fonterra's shares listed in the New Zealand Stock Exchange.
These transactions
the U.S. current account and
the NZ financial
account.
O improve; improve
O worsen; worsen
improve; worsen
worsen; improve
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