German balance of Payments

Classify the following transactions in the German balance of Payments: a. A U.S. tourist travels to Frankfurt and spends ?1,000 on bratwurst and beer. He pays with a check drawn on a Tulsa, Oklahoma, bank. b. Mercedes-Benz sells ?400,000 of its cars to a U.S distributor, allowing 90 days’ trade credit until payment is due. c. Herr Schmidt in Bonn, Germany sends his grandson in New York ?10 as a high school graduation present. d. A resident in Sun City, Arizona, receives a ?4,000 dividend check from a German corporation and deposits it in a local bank. e. The U.S. Treasury buys ?10,000,000 worth of German government bonds paid for with a deposit in a German bank.   2. What is the net value of the current account?

Don't use plagiarized sources. Get Your Custom Essay on
German balance of Payments
Just from $13/Page
Order Essay
Calculator

Calculate the price of your paper

Total price:$26
Our features

We've got everything to become your favourite writing service

Order your assignment today!
Ace that class.

Order your paper
Live Chat+1(978) 822-0999EmailWhatsApp