Question: please answer the question 3, just that one Problems on Balance of Payments Classify the following transactions from the U.S. balance of payments perspective: A
please answer the question 3, just that oneProblems on Balance of Payments Classify the following transactions from the U.S. balance of payments perspective: A U.S. tourist travel to Frankfurt and spends $1,000 on bratwurst and beer. He pays with a check drawn on a Tulsa, Oklahoma, bank. Mercedes-Benz sells $400,000 of its cars to a U.S. distributor, allowing 90 days' trade credit until payment is due. A resident in Sun City, Arizona, receives a $4,000 dividend check from a German corporation and deposits it in a local bank. The U.S. Treasury buys $10,000,000 worth of German government bonds paid for with a deposit in a German bank. What is the value of the current account of the U.S. in the preceding
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