103.8 011 L Malaysia is an oil producer and its budget is highly dependent on its oil revenues other than on tax revenues. Prices of crude oil in early Oct 2018 were about US$74/barrel and in early come of Sin Jan 2020 they were just above US$60/barrel. By mid-April 2020, however, they were about I consumers US$16/barrel. emand for in Analyse the effects of the drastic drop in oil prices on Malaysia's current account, financial account and the overall balance of payments. If Malaysia were to operate under a fixed orts of goods exchange rate system (with US dollars), discuss how the system operates and explain how a re's import of fixed exchange rate will affect its foreign reserves. the fourth qua - imports of