-The data in the table above are the U.S. balance of payments. The sum of the current account plus capital and financial account plus official settlements account is equal to
A) $0.
B) -$335 billion.
C) $140 billion.
D) -$60 billion.

Question

-The data in the table above are the U.S. balance of payments. The sum of the current account plus capital and financial account plus official settlements account is equal to
A) $0. 
B) -$335 billion. 
C) $140 billion. 
D) -$60 billion.

Quizplus · Accepted Answer

The sum of the current account, capital and financial account, and official settlements account in a country's balance of payments must always equal zero. This is because the balance of payments is a double-entry accounting system where every transaction is recorded twice, once as a credit and once as a debit, ensuring that the sum of all transactions nets to zero.

-The Data in the Table Above Are the U