In the Balance of Payments, the Statistical Discrepancy Is Used

question 25

Multiple Choice

In the balance of payments, the statistical discrepancy is used to:

• A)ensure that the sum of all debits matches the sum of all credits.
• B)ensure that the value of imports equals the value of exports.
• C)show how a balance-of-payments deficit is funded.
• D)obtain an accurate account of a balance-of-payments surplus.

---

Definitions:

Assignee

A person or party to whom rights, interests, or properties are legally transferred.

Assignor

An assignor is an individual or entity who transfers rights or interests in a contract or property to another party, known as the assignee.

Nonperformance

Failure to fulfill a contractual duty or obligation.

Antiassignment Clause

A provision in a contract that prohibits one party from transferring its rights and obligations under the contract to another entity without consent.