problem3_solution - Assuming that these are all the...

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Problem 1 (40 points) (a) For each of these transactions, record the corresponding credit-debit pair in the US CA and/or the US KFA. CA KFA Credit Debit Credit Debit I 500M 500M II 200M 200M III 100M 100M IV 100M 100M (b)
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Unformatted text preview: Assuming that these are all the transactions of the year, what is the US current account balance? It is -300Million Dollars (c) CA Surplus $ 300 M. CA Defc it ($ 300 M). USA Forei gn...
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