The following figures represent a summary of Zambia’s preliminary Balance Of Payments Transactions [in US $' million, F.O.B] for the year 2016.
Copper Exports …………………………………… 4,399.1
Cobalt Exports ……………………………………. 112.9
Non Traditional Exports ………………………….. 1,740.1
Gold Exports……………………………………….. 191.2
Total Merchandise imports ……………………… 6,538.5
Transportation Services (Net) …………………… (830.9)
Travel Services (Net) ……………………………. 435.2
Insurance and Pension Services (Net) …………. (112.8)
Investment income (Net) …………………………. (277.6)
Capital Account Transactions ……………………. 55.0
Direct Foreign Investment …………………………1,694.9
Portfolio investment (Net) ………………………… 359.7
Other investments (Net) ………………………….(1,485.7)
Financial derivatives (Net) ………………………. (15.3)
Increase in IMF Liabilities ………………………… 62.1
Increase in Other External Liabilities ……………. 187.6
Net Errors and Omissions ………………………... 22.7
Source: Bank of Zambia Annual Report 2016.

Required:
A) Draw up the Balance Of Payments Account from the above transactions clearly separating the Current Account from the Financial and Capital Account transactions, then calculate and write down the following balances:
I) The Merchandise Exports Balance
II) The Merchandise Trade Balance
III) The Services Trade Balance
IV) The Total Invisibles Balance
V) The Current Account Balance
VI) The Capital And Financial Account Balance 

Answer rating: 100% (QA)

I Merchandise exports ... View the full answer