Identify the following transactions as either an Import

1.     Identify the following transactions as either an Import (on the – side) for the US or an Export (on the + side) for the US in their Balance of Payments and then indicate which area (of the 4) under the Current Account it would be recorded (i.e. Exports/Imports of goods)

a.     The US sells wheat to Russia

b.     Juan, an international student from Brazil, receives money from home.

c.     I, an American citizen, take a flight on South African Airways

d.     Juan pays his tuition to College

e.     I receive a dividend from my stock holdings in Airbus (a European firm)

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