Disscusion: Evaluate the importance of balance of payments. Propose the utility of examining the balance-of-payments data for a prospective country? 200 words Question 1 Critique and assess the gold standard and its role in regard to monetary policy and the international monetary system. Your response should be at least 200 words in length. Question 2 Propose the connection between the balance of payments framework and exchange rates. Your response should be at least 200 words in length. Question 3 Propose the importance of the financial account (from the BOP) to economic indicators. Your response should be at least 200 words in length. Question 4 Propose the similarities and differences of the current account and financial account in the balance of payments structure. In doing so, apply your analysis to explain the trade balance between the U.S. and China. Your response should be at least 200 words in length.