A. A Turkish firm pays $ 10000 dividends to foreign residents, who choose to hold dividends in the form of bank deposits in Turkey. B. Turkish government sends $ 2000 million worth of food aid to Africa C. A tourist travels to Turkey and spends $5000. D. Turkey sold $15000 worth dress to France. E. Turkey bought $10000 worth watches from China. 2.1. Where would you record (which accounts) these transactions in the BOP of Turkey? Explain. ( 2.2. Calculate current account ( 2.3. Did Turkey become a larger international creditor or debtor during this year? Prove it (

A. A Turkish firm pays $ 10000 dividends to foreign residents, who choose to hold dividends in the form of bank deposits in Turkey. B. Turkish government sends $ 2000 million worth of food aid to Africa C. A tourist travels to Turkey and spends $5000. D. Turkey sold $15000 worth dress to France. E. Turkey bought $10000 worth watches from China. 2.1. Where would you record (which accounts) these transactions in the BOP of Turkey? Explain. ( 2.2. Calculate current account ( 2.3. Did Turkey become a larger international creditor or debtor during this year? Prove it (

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter29: Exchange Rates And International Capital Flows

Section: Chapter Questions

Problem 6SCQ: A booming economy can attract financial capital inflows, which promote further growth. However,...

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