-The data in the table above illustrates items from the U.S. balance of payments accounts. 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 illustrates items from the U.S. balance of payments accounts. 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 the official settlements account in the balance of payments must equal zero. This is because the balance of payments is a double-entry accounting system where every transaction entered as a credit in one account is balanced by a corresponding debit in another account, ensuring the total equals zero.

-The Data in the Table Above Illustrates Items from the U.S