Assignment1

Assignment1 - Name: _ ASU ID_ ECN 306 Assignment 1: Balance...

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Name: ________________________ ASU ID_______________ ECN 306 Assignment 1: Instructions: Please try to answer each question as fully as possible. Save a copy of your work . The assignment is due on or before the end of class on February 11. 1.) Show how the following transactions would be recorded as debits or credits on the US balance of payments accounts. Identify the amount, whether it is a credit or a debit and on which account it would be recorded (be as specific as possible in identifying account – i.e., be more precise than a simple current account/capital account distinction). A.) A US tourist spends $100 in Mexico renting a fishing boat and the Mexican owner buys $100 of spare parts for the boat from a US company. $____ credit on the ___________ account $____ debit on the _________ account B.) A German investor sells her holdings of General Motors stock and deposits the $5000 she receives for the stock in her US bank account. $____ credit on the ___________ account
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Assignment1 - Name: _ ASU ID_ ECN 306 Assignment 1: Balance...

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