Consider two fictional economies, one called the domestic country and the other called the foreign country. Given the transactions listed below, construct a balance of payments account for each county. Include a statistical discrepancy.
The domestic country purchased $100 in oil from the foreign country.
Foreign tourists spent $25 on domestic ski slopes
Foreign investors were paid $15 in dividends from their holdings of domestic equities.
Domestic residents gave $25 to foreign charities.
Domestic businesses borrowed $65 from foreign banks.
Foreign investors purchased $15 of domestic government bonds.
Domestic investors sold $50 of their holdings of foreign government bonds.