1. If interest rates in Singapore increase explain the effects on :

a)Current account or capital account

b)Balance of payments

c)Demand or supply of foreign currency

d)Exchange rate

e)And whether the value of the local currency goes up or down

2. During the 1998 financial crisis, investment income and portfolio investment recorded large deficits explain the effects on :

a)Current account or capital account

b)Balance of payments

c)Demand or supply of foreign currency

d)Exchange rate

e)And whether the value of the local currency goes up or down