Determine which account of the Balance-of-Payments is affected the following transaction: National Commercial Bank, a local company, pays USS1 million in dividends to foreign shareholders. Select one O a Capital Account - Portfolio Investment Ob. Current Account-Imports Oc. Current Account- Transfers Od. Current Account-Exports Oe. Capital Account - Foreign Direct Investment

Determine which account of the Balance-of-Payments is affected the following transaction: National Commercial Bank, a local company, pays USS1 million in dividends to foreign shareholders. Select one O a Capital Account - Portfolio Investment Ob. Current Account-Imports Oc. Current Account- Transfers Od. Current Account-Exports Oe. Capital Account - Foreign Direct Investment

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 9PA

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