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PART B. STRUCTURED UESTIONS 1. The items below are the balance of A. Goods and services 95 695 1. Goods 104 474 Exports 481 240

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PART B. STRUCTURED UESTIONS 1. The items below are the balance of A. Goods and services 95 695 1. Goods 104 474 Exports 481 240 Imports 376 766 2. Services -8 780 Transportation -17 783 Travel 19 398 Government Transactions -721 Other services -9 675 B. Income -24 549 C. Current Transfers -14 633 D. Balance on Current Account E. Financial Account 1. Direct Investment 2. Portfolio Investment 3. Other investment F. Error and Omissions G. Overall Balance H. Reserves Assets Answer the following question: a) What is current transfers and what does its gure (- 14 633 ) indicate? b) Differentiate between direct investment and portfolio investment by giving examples. 0) How is the overall balance calculated? Interpret the calculated value of the overall balance. (1) What are reserve assets? Explain the gures given above

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