Question: 2. Suppose a US resident exchanges $1000 for 112,000 JPY on the foreign ex change market at a spot exchange rate of 112JPY/S. The transaction

2. Suppose a US resident exchanges $1000 for 112,000 JPY on

2. Suppose a US resident exchanges $1000 for 112,000 JPY on the foreign ex change market at a spot exchange rate of 112JPY/S. The transaction can be recorded by noting the following (for the US): (a) +$1.000 Financial account, -$1.000 Capital account (b) +$1.000 Financial account, -$1.000 Current account. (c) +$1.000 Current account, -$1.000 Financial account. (d) +$1.000 Financial account, -$1.000 Financial account. (e) +$1.000 Capital account, -$1.000 Financial account

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