The sum of the current, capital and official settlements accounts is always zero.

Question

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This statement is true 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. The sum of the current account, capital account, and financial account (often referred to as the official settlements account) must equal zero to maintain this balance. If there's a surplus in one account, it must be offset by a deficit in the others.

The Sum of the Current, Capital and Official Settlements Accounts