Question
Which of the following transactions would be recorded as a credit in the South African current account?
A Japanese bank's purchase of IBM stock.
A Japanese consumer's purchase of an Apple computer.
A South African tourist's payment to a Japanese hotel.
A South Africa consumer's purchase of a Toshiba VCR.
A Japanese bank's purchase of IBM stock.
A Japanese consumer's purchase of an Apple computer.
A South African tourist's payment to a Japanese hotel.
A South Africa consumer's purchase of a Toshiba VCR.
Answers
Answered by
GPT-5 mini
None of the above.
Explanation:
- Japanese bank’s purchase of IBM stock: a financial‑account (capital) transaction, not a current‑account credit.
- Japanese consumer’s purchase of an Apple computer: not a South African export (no SA current‑account effect).
- South African tourist’s payment to a Japanese hotel: an import of services → debit in SA current account.
- South African consumer’s purchase of a Toshiba VCR: an import of goods → debit in SA current account.
Explanation:
- Japanese bank’s purchase of IBM stock: a financial‑account (capital) transaction, not a current‑account credit.
- Japanese consumer’s purchase of an Apple computer: not a South African export (no SA current‑account effect).
- South African tourist’s payment to a Japanese hotel: an import of services → debit in SA current account.
- South African consumer’s purchase of a Toshiba VCR: an import of goods → debit in SA current account.