1. The following business transaction occurred in the first quarter of 2022 in Turkey; • Turk Auto sold cars to Young Turk Auto (which is also located in the Turkey) with the total value is 5 Million TRY. Young Turk Auto paid it from its depos account at AA Bank in Turkey. The transaction is accounted in for balance of payment as following; Turkey BOP Credit Debit Car sells from Turk Auto to German Auto 5 Mil. TRY (Inflow foreign currency, Current Account) AA Bank Foreign Deposit Account (Capital Account) 5 Mil. TRY

1. The following business transaction occurred in the first quarter of 2022 in Turkey; • Turk Auto sold cars to Young Turk Auto (which is also located in the Turkey) with the total value is 5 Million TRY. Young Turk Auto paid it from its depos account at AA Bank in Turkey. The transaction is accounted in for balance of payment as following; Turkey BOP Credit Debit Car sells from Turk Auto to German Auto 5 Mil. TRY (Inflow foreign currency, Current Account) AA Bank Foreign Deposit Account (Capital Account) 5 Mil. TRY

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter12: Money And Banking

Section: Chapter Questions

Problem 10E

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