Delayla Bouquet France, the French subsidiary of a British company, Delayla Bouquet British has just received $4.4 million of additional investment from its British parent. Part of the investment is a payment of 10.9 million computer system that was shipped from Britain directly. The $3.5 million remainder was financed by the parent by issuing euro-denominated Eurobonds to investors outside of France. Delayla Bouquet France is holding those Euros in its Paris bank account. 1. Explain what is Balance of Payment (BOP) 2. Explain the main implications for a country of having a persistent deficit on the current account of its balance of payments. 3. Show the debit and credit transaction flows in ledger and explain