The following data refers to the Balance of Payments of Federal Republic of Ta

The following data refers to the Balance of Payments of Federal Republic of Talomo for the Year 2008

Current Account:

Export of visible items

350

Import of visible items

230

Balance of trade

____ (a)

Receipts from banking and insurance

(5.5)

Tourism expenditure

10.0

Foreign Freight Charges

(7.0)

Receipts from air services

5.0

Services trade

____ (b)

Scholarship received by foreign students at local

2.5

university

____

Current Account Balance

(c)

Capital Account:

(5.2)

Corporate investment

9.2

Long-term investment

Long-term capital balance

____ (d)

Basic balance

4.0 (e)

Short term investment

1.0

Error and omission

____ (f)

Overall Balance deficit

____ (g)

Exchange reserve in Central Bank

Required: Determine the values of a b c d. e f and g. in the table above.