Question: The following data has been extracted from annual BOP statistics of a certain country in Asia for the period 2 0 2 1 - 2
The following data has been extracted from annual BOP statistics of a certain country in Asia for the period Standard ComponentGoodsServicesIncomeCurrent TransfersCapital and financial nonreserve assets net changeCapital TransfersFinancial nonreserve assetsnet changeDirect InvestmentPortfolio InvestmentFinancial DerivativesOther InvestmentReserve Assets net ChangeNet errors and Omissions Required:Using the above data, compile a clear Balance of Payments BOP Account showing all key balances ie Trade Balance, Current AC Balance, Financial and Capital A Cs Balances.Explain how the Current Balance is financed.
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