QUESTION FOUR You are given the following statistical data relating to Umoja Republic for the year 2020. Currency Francs (Umoja Francs)(UF) Exports of visible goods 1.2 billion Imports of visible goods 3.2 billion Export of services 1.5 billion Import of services 2.5 billion Interest/dividends received 1.2 billion Interest /dividends paid 2.5 billion Unilateral emoluments received 1.9 billion Unilateral paid 2.0 billion Portfolio investments received 1.6 billion Portfolio investments paid 0.2 billion Foreign direct investments received 1.5 billion Foreign direct investments paid 0.1 billion Loans received 0.9 billion Grants received 0.7 billion Required: (a) Prepare a statement of balance of trade 5 marks (b) Prepare a statement of balance of payments 8 marks (c) Explain how the appreciation /depreciation of a domestic currency is impacted by balance of trade 7 marks Marks 20 Total marks 60 scaled to 30%, as per testing instrument