Question: Classify the following as a transaction reported in a sub-component of the current account or the capital accounts of the two countries involved (make sure
Classify the following as a transaction reported in a sub-component of the current account or the capital accounts of the two countries involved (make sure to mention whether the entry is a credit entry or a debit entry):
a.A U.S. food chain imports rice from India.
b.A U.S. investor purchases a bond from an Italian company.
c.Indonesian parents pay for their son to study at a U.K. university.
d.A U.K. university gives a tuition grant to a foreign student from China.
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