Assignment:
Q1. What are the three major accounts in the balance of payments?
Q2. How would the following transactions be recorded in the IMF balance of payments?
- IBM in New York has sold an $8 million mainframe computer to an insurance company in Singapore and has been paid with a check drawn on a Singapore bank.
- A private investor in San Francisco has received dividends of $80,000 for stock she holds in a British firm.
- The US government has provided $60 million of food and medical supplies for Kurdish refugees in Turkey.
- The Walt Disney Company has invested $50 million in a theme park outside Paris, France.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.