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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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