No additional information was given in the question.

Question 1. Provided in Table 2 is a list of international transactions that were conducted by the fictional coun- try, Wakanda, in the year 2021. Use the data to build the balance of payments accounts for the country, using the thematic headings provided in Table 1. You therefore required to assign all the data points provided by the various data collection agencies in Wakanda as well that of her trading partner, Abura. (50 Marks) Table 1: Data on international transactions classified by source Source of data Specification 2021 1. Current account 4 Balance of trade Services (net) Investment income(net) Current transfers (net) 2. Capital account (capital transfers) Financial account (excluding financing items) Direct investment Portfolio investment Other investment) Net errors and omissions 3. Overall balance Financing Reserve assets Data measured in million Wakandan dollars. Table 2: Data on international transactions classified by source Specification Exports of goods, f.o.b. Imports of goods, f.o.b. Import freight payments to nonresident companies Receipt by resident companies: Export freight Foreign tourist transport Purchase of forex from foreign tourists Sale of forex to residents for travel abroad Purchase of forex from foreign embassies Receipts from abroad, other services Remittances received from family members living abroad Remittances abroad by foreign nationals working i Abura (for more than one year) Receipts for port services provided to nonresidents Interest received on foreign exchange assets IMF charges Total change in reserves Interest accrued on deposits abroad Interest paid to correspondent banks Change in foreign assets Change in foreign liabilities. Interest on loans received from abroad Operating expenditures of diplomatic missions abroad Grants received from foreign governments Drawings on loans received from abroad repayments on these loans Refinanced debts Interest on loans received from abroad Drawings on long-term loans from abroad Repayments on these loans Interest accrued on deposits abroad Dividends distributed to direct investors Interest paid to nonresidents Drawings on long-term loans from abroad Repayments on these loans Net change in short-term loans received from abroad Change in deposits held in foreign banks Source of data 1. Customs 2. Carriers 3. Forex records 4. Port authorities 5. Central Bank of Abura 6. Commercial banks 7. Central government 8. Nonfinancial public co. 9. Nonfinancial private co. Data measured in million Wakandan dollars 2021 35,538 32,543 3,320 190 575 1,300 2,815 250 1,970 80 262 530 730 140 -1,796 40 27 1.000 1,991 2,210 350 5.182 2,100 0 300 700 1.200 2.400 2.390 285 -765 Question 1. Provided in Table 2 is a list of international transactions that were conducted by the fictional coun- try, Wakanda, in the year 2021. Use the data to build the balance of payments accounts for the country, using the thematic headings provided in Table 1. You therefore required to assign all the data points provided by the various data collection agencies in Wakanda as well that of her trading partner, Abura. (50 Marks) Table 1: Data on international transactions classified by source Source of data Specification 2021 1. Current account 4 Balance of trade Services (net) Investment income(net) Current transfers (net) 2. Capital account (capital transfers) Financial account (excluding financing items) Direct investment Portfolio investment Other investment) Net errors and omissions 3. Overall balance Financing Reserve assets Data measured in million Wakandan dollars. Table 2: Data on international transactions classified by source Specification Exports of goods, f.o.b. Imports of goods, f.o.b. Import freight payments to nonresident companies Receipt by resident companies: Export freight Foreign tourist transport Purchase of forex from foreign tourists Sale of forex to residents for travel abroad Purchase of forex from foreign embassies Receipts from abroad, other services Remittances received from family members living abroad Remittances abroad by foreign nationals working i Abura (for more than one year) Receipts for port services provided to nonresidents Interest received on foreign exchange assets IMF charges Total change in reserves Interest accrued on deposits abroad Interest paid to correspondent banks Change in foreign assets Change in foreign liabilities. Interest on loans received from abroad Operating expenditures of diplomatic missions abroad Grants received from foreign governments Drawings on loans received from abroad repayments on these loans Refinanced debts Interest on loans received from abroad Drawings on long-term loans from abroad Repayments on these loans Interest accrued on deposits abroad Dividends distributed to direct investors Interest paid to nonresidents Drawings on long-term loans from abroad Repayments on these loans Net change in short-term loans received from abroad Change in deposits held in foreign banks Source of data 1. Customs 2. Carriers 3. Forex records 4. Port authorities 5. Central Bank of Abura 6. Commercial banks 7. Central government 8. Nonfinancial public co. 9. Nonfinancial private co. Data measured in million Wakandan dollars 2021 35,538 32,543 3,320 190 575 1,300 2,815 250 1,970 80 262 530 730 140 -1,796 40 27 1.000 1,991 2,210 350 5.182 2,100 0 300 700 1.200 2.400 2.390 285 -765