1..a) Explain the difference between a Balance of Payment (BOP) deficit and surplus.2.Suppose that a certain country has a current account surplus. Does this mean that the country will necessarily hav

1..a) Explain the difference between a Balance of Payment (BOP) deficit and surplus.2.Suppose that a certain country has a current account surplus. Does this mean that the country will necessarily have a financial account deficit? Explain why or why not. 3.You are expecting the euro to go down in value against the dollar, and would like to make a profit based on this view. You do not wish to take on too much risk, and so you have decided to only buy options, not sell them. Would you buy a call or a put option on the euro? Explain your answeri need help just for second question and third