Question: Current account. (Based on Lovewell Practice Problem 14.1). Briefly explain the impact of each of the following transactions on the current account balance. A Canadian

  1. Current account. (Based on Lovewell Practice Problem 14.1). Briefly explain the impact of each of the following transactions on the current account balance.
    1. A Canadian movie chain purchases the rights to screen an Italian film in Canada
    2. An American family purchases a Canadian made trailer for their summer vacation
    3. A Canadian sends a monetary gift to a relative in India
    4. A Canadian shareholder receives dividends from a Japanese corporation

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