Assignment task: Explain how each of the following transactions generates two entries a credit and a debit in the Canadian balance of payments accounts, and describe how each entry would be classified. Fully Explain
1. A German investor receives $600 CAD in dividends from a Canadian company.
2. A museum in Vancouver purchases a rare painting from France for $100,000 CAD, the seller exchanges $100,000 CAD received into Euros through its bank in Paris.
3. A Canadian working at a winery in Southern California travels back to Canada for a vacation with $5,000 USD.
4. An American pension fund sells TD Bank shares worth $500,000 USD and purchases corporate bonds issued by Telus Corporation worth $500,000 USD.