is it possible for a country to have a current account deficit at the same time it has a surplus in its balance of payments? Explain your answer, using hypothetical figures for the current and non-reserve financial accounts. Discuss the possible implications for official international reserve flow (40 marks). 5. Is it possible for a country to have a current account deficit at the same time it has a surplus in its balance of payments? Explain your answer, using hypothetical figures for the current and non-reserve financial accounts. Discuss the possible implications for official international reserve flow (40 marks). [600-700 words.]