Which of the following accounts records the change in U.S. official reserves?

Question

Quizplus · Accepted Answer

The official settlements account records the change in U.S. official reserves, as it is a sub-account of the current account that specifically tracks transactions related to official reserve assets. The current account records trade in goods and services and income flows, while the capital account records financial flows such as investment and loans. None of these specifically address changes in official reserves.

Which of the Following Accounts Records the Change in U