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    justchill64's Avatar
    justchill64 Posts: 26, Reputation: 1
    New Member

    May 8, 2013, 10:21 AM
    Please respond to this, I don't understand it
    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

    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member

    May 8, 2013, 10:24 AM
    Why is this posted under Social Science? What am I missing?

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