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Alenkasestr [34]
3 years ago
11

Categorize each transaction according to the U.S. account to which it belongs and the direction the money flows.

Business
1 answer:
Shalnov [3]3 years ago
3 0

Answer:

1. An Australian company buys steel from a US Firm

Account: Current Account

Direction of Flow: Payment to foreigners

2. The federal reserve buys $252 billion worth euros

Account: Financial Account

Direction of Flow: Payment to foreigner

3. Profit earned by a US based mining company operating in Mexico  

Account: Current account

Direction of Flow: Payment from foreigners

4. An English company buy a US confectionary manufacturer

Account: Financial Account

Direction of Flow: Payment from Foreigners

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