Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following figures represent a summary of Zambias preliminary Balance Of Payments Transactions [in US $' million, F.O.B] for the year 2016. Copper Exports

The following figures represent a summary of Zambia’s preliminary Balance Of Payments Transactions [in US $' million, F.O.B] for the year 2016.
Copper Exports …………………………………… 4,399.1
Cobalt Exports ……………………………………. 112.9
Non Traditional Exports ………………………….. 1,740.1
Gold Exports……………………………………….. 191.2
Total Merchandise imports ……………………… 6,538.5
Transportation Services (Net) …………………… (830.9)
Travel Services (Net) ……………………………. 435.2
Insurance and Pension Services (Net) …………. (112.8)
Investment income (Net) …………………………. (277.6)
Capital Account Transactions ……………………. 55.0
Direct Foreign Investment …………………………1,694.9
Portfolio investment (Net) ………………………… 359.7
Other investments (Net) ………………………….(1,485.7)
Financial derivatives (Net) ………………………. (15.3)
Increase in IMF Liabilities ………………………… 62.1
Increase in Other External Liabilities ……………. 187.6
Net Errors and Omissions ………………………... 22.7
Source: Bank of Zambia Annual Report 2016.


Required:
A) Draw up the Balance Of Payments Account from the above transactions clearly separating the Current Account from the Financial and Capital Account transactions, then calculate and write down the following balances:
I) The Merchandise Exports Balance
II) The Merchandise Trade Balance
III) The Services Trade Balance
IV) The Total Invisibles Balance
V) The Current Account Balance
VI) The Capital And Financial Account Balance 

Step by Step Solution

There are 3 Steps involved in it

Step: 1

I Merchandise exports ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective

Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw

7th Edition

9780324789423, 324789416, 978-0324789416

More Books

Students also viewed these Accounting questions

Question

Summarize the forms and functions of nonverbal communication.

Answered: 1 week ago

Question

Why would a company to choose to sell a product at a discount?

Answered: 1 week ago

Question

6. Time refers to your use of chronemic cues to communicate.

Answered: 1 week ago

Question

1.1 Review how communication skills determine leadership qualities

Answered: 1 week ago