How items would be entered into us balance of payments

Reference no: EM132177256

Question: Explain how the following items would be entered into the U.S. balance of payments (the initiating entry): A disaster relief shipment of wheat to Bangladesh Imports of textile machinery Opening a $500 bank account in Zurich A $1,000,000 Japanese purchase of U.S. government bonds Hotel expenses in Geneva The purchase of a BMW automobile Interest earned on a bank account in London The Union Carbide purchase of a French chemical plant Sales of lumber to Japan The shipment of Fords to the United States from a Mexican production plant; and the profits from that same plant.

Reference no: EM132177256

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