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. a)A U.S. automobile manufacturer imports $200000 in parts from a German firm. It uses U.S. bank account to pay for the parts. b) The bank in Switzerland buys $2 million in U.S. Treasury bonds from an American securities firm. c) A French tourists charges $500 to his Mastercard for a hotel stay in Atlanta Please draw a table like the sample image (including arrows which indicate the increase or decrease) and explain a bit under the table (if possible, please elaborate a bit more because i want to understand). Thank you so much.
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.
a)A U.S. automobile manufacturer imports $200000 in parts from a German firm. It uses U.S. bank account to pay for the parts.
b) The bank in Switzerland buys $2 million in U.S. Treasury bonds from an American securities firm.
c) A French tourists charges $500 to his Mastercard for a hotel stay in Atlanta
Please draw a table like the sample image (including arrows which indicate the increase or decrease) and explain a bit under the table (if possible, please elaborate a bit more because i want to understand). Thank you so much.
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