Counted as balance of payments transaction

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Which of the following international transactions would NOT be counted as a balance of payments (BOP) transaction? PLEASE EXPLAIN YOUR REASONING

A Canadian lumber baron purchases a U.S. corporate bond through an investment broker in Seattle.

An American tourist purchases cheese in Milwaukee, Wisconsin.

The U.S. subsidiary of a British firm pays profits (dividends) back to its parent firm in London

All of the above are considered BOP transactions.

Reference no: EM13913866

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