5. Which of the following statements regarding the balance of payments are correct?
a. When the South Africans export their financial and insurance services, this transaction
is entered in the financial account.
b. A current account surplus implies that the exports exceed the imports.
c. An appreciation of the rand will worsen the deficit on the current account of the balance
 a and b
 a and c
 b and c
 All the statements are correct.