The official settlements balance is the sum of the capital account balance and the public current account balance.

Name: The official settlements balance is the sum of the capital account balance and the public current account balance.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

The official settlements balance, also known as the balance of payments, is the sum of the current account balance, the capital account balance, and the financial account balance, not just the capital account balance and the public current account balance.

The Official Settlements Balance Is the Sum of the Capital