Classify the following as a transaction reported in a sub-component of the current account, or the capital and financial accounts of the two countries involved?
Answer to relevant QuestionsWhat are the main summary statements of the balance of payments accounts, and what do they measure? What are the two main types of economic activity measured by a country’s BOP? What is the European Financial Stability Facility (EFSF), and what role might it play in the resolution of the eurozone debt crisis? Why do you believe it is important for many of the world’s largest commercial and investment banks to be considered on-the-run in the interbank market? Define and give an example of each of the following quotes: a. Bid quote. b. Ask quote.
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