Explain how each of the following transactions would enter the Canadian balance of payments accounts. Discuss only

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Explain how each of the following transactions would enter the Canadian balance of payments accounts. Discuss only the transactions described. Do not be concerned with possible offsetting transactions.
a. The Canadian government sells military equipment to a foreign government.
b. A London bank sells yen to, and buys Canadian dollars from, a Swiss bank.
c. The Bank of Canada sells yen to, and buys dollars from, a Swiss bank.
d. A Canadian bank receives the interest on its loans to Brazil.
e. A Canadian collector buys some ancient artifacts from a collection in Egypt.
f. A Canadian oil company buys insurance from Lloyds of London to insure its oil rigs in the Beaufort Sea.
g. A Canadian company borrows from a US bank.
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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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