In 2008, the current account balance was -$706 billion and the capital account balance was_{--------------------} +$711 billion. Therefore, the official settlements account balance was and the balance of all payments accounts summed was _{--------------------}.

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Quizplus · Accepted Answer

The official settlements account balance is the difference between the current account balance and the capital account balance, which is -$706 billion + $711 billion = +$5 billion. The balance of all payments accounts summed should be zero, as the current account, capital account, and official settlements account together must balance.

In 2008, the Current Account Balance Was -$706 Billion and the Capital