Which of the following is true? When the BOP (balance of payment) accounts are recorded correctly, by BOP identity, under purely floating exchange rate regime, BCA (balance of current accounts) + BKA (balance of capital accounts) = - accounts). BRA (Balance of official reserve The transaction regarding a Canadian citizen receiving an interest payment as a result of his investment in a bond of a French firm issued in France is recorded as a credit under the current account of Canada. When the BOP (balance of payment) accounts are recorded correctly, by BOP identity, under fixed exchange rate regime. BCA (balance of current accounts) = - BRA (Balance of official reserve accounts). The transaction regarding an Australian consulting firm receiving AUD5 million (i.e., Australian 5 million dollars) for consulting services provided to a German company is recorded as a debit under the current account of Australia.
Which of the following is true? When the BOP (balance of payment) accounts are recorded correctly, by BOP identity, under purely floating exchange rate regime, BCA (balance of current accounts) + BKA (balance of capital accounts) = - accounts). BRA (Balance of official reserve The transaction regarding a Canadian citizen receiving an interest payment as a result of his investment in a bond of a French firm issued in France is recorded as a credit under the current account of Canada. When the BOP (balance of payment) accounts are recorded correctly, by BOP identity, under fixed exchange rate regime. BCA (balance of current accounts) = - BRA (Balance of official reserve accounts). The transaction regarding an Australian consulting firm receiving AUD5 million (i.e., Australian 5 million dollars) for consulting services provided to a German company is recorded as a debit under the current account of Australia.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Which of the following is true?
O When the BOP (balance of payment) accounts are recorded correctly, by BOP
identity, under purely floating exchange rate regime, BCA (balance of current
accounts) + BKA (balance of capital accounts) = - BRA (Balance of official reserve
accounts).
The transaction regarding a Canadian citizen receiving an interest payment as a
result of his investment in a bond of a French firm issued in France is recorded as
a credit under the current account of Canada.
When the BOP (balance of payment) accounts are recorded correctly, by BOP
identity, under fixed exchange rate regime. BCA (balance of current accounts) =
- BRA (Balance of official reserve accounts).
The transaction regarding an Australian consulting firm receiving AUD5 million
(i.e., Australian 5 million dollars) for consulting services provided to a German
company is recorded as a debit under the current account of Australia.
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