-The data in the table above are the U.S. balance of payments. If there is no statistical discrepancy, what is the balance in the official settlements account?
A) $150 billion
B) -$150 billion
C) $50 billion
D) $0

Question

-The data in the table above are the U.S. balance of payments. If there is no statistical discrepancy, what is the balance in the official settlements account?
A) $150 billion 
B) -$150 billion 
C) $50 billion 
D) $0

Quizplus · Accepted Answer

The balance in the official settlements account is equal to the sum of the current account balance, the capital account balance, and the statistical discrepancy. In this case, there is no statistical discrepancy, so the balance in the official settlements account is equal to the sum of the current account balance and the capital account balance, which is $0.

-The Data in the Table Above Are the U