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Explain how each of the following transactions generates two entries-a credit and a debit-in the Jordanian balance of payments accounts, and describe how each entry would be classified:.
a. A Jordanian oven manufacturer imports $200,000 in oven burners from a German firm. It uses a Jordanian bank account to pay for the burners.
b. The Central Bank of Egypt buys $1 million in Jordanian Treasury bonds from a Jordanian securities firm.
c. An Indian tourist charges $200 to his Mastercard (issued by an Indian bank) for a hotel room in Amman.
d. An Italian company purchases $20,000 in tomatoes from a Jordanian farm. The Italian company uses deposits from a bank in Italy.
e. A Swiss firm forgives a $180,000 loan to Jordan Petroleum Refinery Co. LTD.
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