Consider each of the following events. For each, identify whether it should be included in the...
Consider each of the following events. For each, identify whether it should be included in the Canada BOP; where relevant, determine which account that event belongs to determine whether it is a debit or credit entry
g. British Petroleum buys Exxon for $750 million.
h. While on vacation in France, a Pittsburgh resident has her paycheck direct deposited to her PNC bank account.
i. The State of Pennsylvania sells $100 million in state government bonds to Lloyds of London.
j. The U.S. government sells $50 million in U.S. Treasury bills to the government of Japan.
k. The U.S. government acquires $10 million in gold from the government of Saudi Arabia.
Homework Answers
BOP or Balance of Payment is the record of transactions(monetary in nature) of residents of a nation with the rest of the world.
The answer is that none of them will be part of BOP of Canada. All of the options include either of US, France, Saudi Arabia, UK, Japan. Since Canada is a third pary for each of the transaction, none of them will be part of Canada BOP.
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