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 2021-2022.Standard Component20212022GoodsServicesIncomeCurrent Transfers-153,672328,48844,437-20,093-180,091361,79483,306-25,855Capital and financial non-reserve assets (net change)-144,74932,707Capital Transfers10,33816,393Financial non-reserve assets(net change)-155,08616,314Direct Investment-52,57770,393Portfolio Investment-21,452295,148Financial Derivatives43,53463,338Other Investment124,592177,732Reserve Assets (net Change)-114,498-263,869Net errors and Omissions60,087-7,992 Required:Using the above data, compile a clear Balance of Payments (BOP) Account showing all key balances i.e. Trade Balance, Current A/C Balance, Financial and Capital A/ Cs Balances.Explain how the Current Balance is financed. (10

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