1. What are the three major accounts in the balance of payments?
2. How would the following transactions be recorded in the IMF balance of payments?
a. 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.
b. A private investor in San Francisco has received dividends of $80,000 for stock she holds in a British firm.
c. The US government has provided $60 million of food and medical supplies for Kurdish refugees in Turkey.
d. The Walt Disney Company has invested $50 million in a theme park outside Paris, France.