QUESTION 1 (25 marks) a) Define international finance b) Briefly discuss the international financial environment with diagram. c) Explain International Business Methods. i. International Trade ji. Licensing iii. Franchising QUESTION 2 (15 marks) The balance of payments (BOP) records all economic transactions in goods, services, and assets of the country with the rest of the world for a specified time period, usually a year. In simple terms, it is a systematic accounting balance sheet of the country and includes both debit and credit transactions. Based on this statement, define and give TWO (2) examples of:- a) Balance of payment b) Current Account c) Capital Account