Could you help me please? 1) When a country realizes a deficit on its current account:a. It realizes an excess of imports over exports on goods and servicesb. It becomes a net supplier of funds to other countriesc. It becomes a net demander of funds from other countriesd. Its net foreign investment position becomes positive2) When all of the debit or credit items in the balance of payments are combined:a. The total surplus or deficit equals zerob. Services exports equal services importsc. Merchandise imports equal merchandise exportsd. Capital imports equal capital exports3) Which method of trading currencies involves the conversion of one currency into another at one point intime with an agreement to reconvert it back to the original currency at some point in the future?a. Futures transactionb. Spot transactionc. Forward transactiond. Swap transaction4) Concerning exchange-rate determination, "market fundamentals" include all of the following except:a. Profitability and riskiness of investmentsb. Speculative opinion about future exchange ratesc. Productivity changes affecting production costsd. Monetary policy and fiscal policy5) The classical economists assumeda. The velocity of money is constantb. The volume of final output is fixed at the full-employment level in the long-runc. The velocity of money depends on physical, structural, and institutional factorsd. All of the above

The balance of payments would involve the record of transactions which are involved in the…

1) When a country realizes a deficit on its current account: a. It realizes an excess of imports over exports on goods and services b. It becomes a net supplier of funds to other countries c. It becomes a net demander of funds from other countries d. Its net foreign investment position becomes positive