I'm having a bit of trouble figuring which is which, and I'm hoping some BoSers can help me!
If an Australian bank borrowed money from another country this would be a credit on the ________(Current Account/Capital & Financial Account). When they repay the loan, the interest paid overseas would be a debit on the _______(Current Account/Capital & Financial Account), while the repayment of the principal would be a debit on the _________(Current Account/Capital & Financial Account).
Any help is appreciated guys!
If an Australian bank borrowed money from another country this would be a credit on the ________(Current Account/Capital & Financial Account). When they repay the loan, the interest paid overseas would be a debit on the _______(Current Account/Capital & Financial Account), while the repayment of the principal would be a debit on the _________(Current Account/Capital & Financial Account).
Any help is appreciated guys!