Which of these four transactions above will be recorded in the US balance of payments for that year?
a. Transaction 1: A resident of Italy imports 400,000 bottles of wine from France. Payment is made in US dollars.
b. Transaction 2: A Canadian company exports 12,765 computers to Germany. Payment is made in Euros, and Yens.
c. Transaction 3: South Korea exports 52,000 cars to the US. Payment is half in Swiss Francs and half in Pound Sterling.
d. Transaction 4: The California Potato Co. (in Modesto, CA) ships 980 tons of fresh potatoes to the National Potato Chips Co. in Columbus, Ohio. Payment is made in US dollars.