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Answer the following questions in details. The following transactions occurred in respect of Country X's trade with the rest of the world during 2012: Oil

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Answer the following questions in details.

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The following transactions occurred in respect of Country X's trade with the rest of the world during 2012: Oil worth $10,000 was exported Perfume worth f5,000 was imported . Foreign tourists spent f3,000 in Country X Country X donated $1,000 to developing countries for current expenditure Dividends from overseas companies totalling $500 were received Cars worth 1700 were exported on trade credit, with payment due a year later Overseas shares worth f150 were purchased Hot money worth f70 was deposited into Country X Net errors and omissions were +20 Assuming that there were no other transactions, calculate (in sterling terms) the country's: (i) visible trade balance (ii) balance of trade (iii) current account surplus or deficit (iv) financial account (investment and other financial flows) surplus or deficit (v) financial account (including reserves) surplus or deficit (vi) change in reserves.Describe in words what the symbol A, , represents, and give both a stochastic mortality definition and an integral definition for it. [5] The Actuarial Education Company IFF- 2013 Examinations

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