Show how each of the following would affect the U.S. balance of payments. Include a description of the debit and credit items, and in each case identify which specific account is affected (e.g., imports of goods and services, IM; exports of assets, EXA; and so on. b. The central bank of China purchases $1 million of export earnings from a firm that has sold $1 million of toys to the United States, and the central bank holds these dollars as reserves. c) A U.S. book publisher sells $20,000 of books to a Chinese firm. the firm pays for the books by using its Chinese based credit card company. d) Vlad, a Russian citizen, working in New York, earned $6,000 last year working at a factory owned by a US company. Please draw a table like the one in the image (including the arrows indicate the increase or decrease) and explain like the sample in the image (if possible, can you elaborate a bit more because i want to undersand). Thank you in advanced.
Show how each of the following would affect the U.S. balance of payments. Include a description of the debit and credit items, and in each case identify which specific account is affected (e.g., imports of goods and services, IM; exports of assets, EXA; and so on.
b. The central bank of China purchases $1 million of export earnings from a firm that has sold $1 million of toys to the United States, and the central bank holds these dollars as reserves.
c) A U.S. book publisher sells $20,000 of books to a Chinese firm. the firm pays for the books by using its Chinese based credit card company.
d) Vlad, a Russian citizen, working in New York, earned $6,000 last year working at a factory owned by a US company.
Please draw a table like the one in the image (including the arrows indicate the increase or decrease) and explain like the sample in the image (if possible, can you elaborate a bit more because i want to undersand). Thank you in advanced.
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