Question 21 (Mandatory) (8 points) Between 1996 and 1998 Thailand has moved from a current account deficit of about 9% of GDP to a current account surplus of 8% of GDP. Why is this a crisis? Explain. Why is it painful for a country to make such a move in such a short period of time? Explain. A/ Question 22 (Mandatory) (12 points) Classify the following transactions (current account transaction, financial account transaction) and write the sign of entry (plus or minus debit or credit). Choose one country of reference: 1. A US firm purchases German machine tools. 2. An American buys stocks of a European food chain on the Frankfurt Stock Exchange 3. An American tourist takes a cruise on a Dutch cruise line. 4. Ford Motor company builds a factory in Australia. Question 23 (Mandatory) (5 points) Bank A quotes a bid rate of $0.020 and an ask rate of $0.023 for the Thai baht (THB). Bank B quotes a bid rate of $0.024 and an ask rate of $0.026 for the baht. What will be the (approximate) profit for an investor who has $500.000 available to conduct arbitrage