The official settlements account records the change in
A) international trade.
B) U.S. official reserves.
C) foreign investment and domestic investment.
D) the reserves held by banks and the Fed.

Question

Quizplus · Accepted Answer

The official settlements account, also known as the balance of payments, records the change in a country's official reserves, which include foreign currencies, gold reserves, and Special Drawing Rights (SDRs) held by the central bank and the Treasury. It reflects transactions that affect the nation's foreign exchange reserves.

The Official Settlements Account Records the Change in