You are given the following information about country's international transactions during a year:

Merchandise Exports	600
Merchandise Imports	200
Service exports	60
Service Imports	204
Income flows, net	65
Unilateral Transfers,net	-8
Increase in the country's holding of foreign assets, net (excluding official reserve assets)	202
Increase in foreign holding of country's asset, net (excluding official reserve assets)	102
Statistical Discrepancy	4

Answer the next 5 questions based on this table. Note that the table is not Balance of Payment table.

1. What is trade balance?

2. What is current account balance?

3. What is official settlements balance?

4. Is the country increasing or decreasing its net holdings of official reserve assets?

5. What has happened to the exchange rate value of the dollar in each case?

Analyze the next 4 questions.

Spot rate goes from $1.25/SFr to $1.3/SFr.