A Mexican travels to Brazil to buy a gemstone which costs 3,000 Real (Brazilian currency). The Brazilian
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A Mexican travels to Brazil to buy a gemstone which costs 3,000 Real (Brazilian currency). The Brazilian company that sells the gemstone then deposits the 3,000 Real in its account in a Panama bank. How would these transactions show up in the balance of payments accounts of Mexico and Brazil? What if the Mexican pays cash for the gemstone?
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Answer Lets analyze the transactions involving the Mexican traveler buying a gemstone in Brazil and the subsequent deposit of funds in a Panama bank M...View the full answer
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Related Book For 
International Economics Theory And Policy
ISBN: 9781292409719
12th Edition
Authors: Paul Krugman , Maurice Obstfeld, Marc Melitz
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