If the Current Account Balance Is - $100 Billion and the Capital

question 383

Multiple Choice

If the current account balance is - $100 billion and the capital account balance is $80 billion, then the official settlement account balance is

• A) always 0.
• B) - $20 billion.
• C) $20 billion.
• D) impossible to determine with the information given.

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Definitions:

Forthcoming Contribution

Expected or promised financial donations or investments that are pledged to be given at a future date.

Cash Account

A type of account where all transactions involve the immediate payment of cash.

Partnership Loan

A type of financing where a lender provides funds to a partnership, which is typically used for business operations or expansion.

Liquidation Expenses

Costs incurred during the winding up of a company, including legal fees, selling expenses, and other administrative expenses involved in liquidating the company's assets.