justchill64
May 8, 2013, 10:21 AM
Under which account would each of these transactions would be classified and recorded in the Jamaican Balance Of Payment:
(I) A Jamaican firm exports $80m of merchandise to China and receives payment in the form of a check drawn on a Jamaican Bank.
(ii) National Commercial Bank pays $10m in dividends to foreign shareholders
(iii) A german company sells its holding of $15m stocks and uses this money to build a manufacturing facility in a part of the country
(iv) A resident purchases a retirement condo in Florida for $10 million
WHICH FIGURES GO INTO THE CURRENT , CAPITAL OR FINANCIAL ACCOUNT
(I) A Jamaican firm exports $80m of merchandise to China and receives payment in the form of a check drawn on a Jamaican Bank.
(ii) National Commercial Bank pays $10m in dividends to foreign shareholders
(iii) A german company sells its holding of $15m stocks and uses this money to build a manufacturing facility in a part of the country
(iv) A resident purchases a retirement condo in Florida for $10 million
WHICH FIGURES GO INTO THE CURRENT , CAPITAL OR FINANCIAL ACCOUNT