Balance of PaymentsDiscuss KSA’s categories of balance-of-payments.Discuss why the supply and demand for foreign exchange are considered to be derived schedules. Discuss the meaning of a surplus (deficit) on the merchandise trade balance, goods and services balance, and current account balance? Discuss how this impacts trade in Saudi Arabia.Directions:

I’m working on a economics discussion question and need the explanation and answer to help me learn. Balance of PaymentsDiscuss KSA’s categories of balance-of-payments.Discuss why the supply and demand for foreign exchange are considered to be derived schedules. Discuss the meaning of a surplus (deficit) on the merchandise trade balance, goods and services balance, and current account balance? Discuss how this impacts trade in Saudi Arabia.Directions: