-The Above Gives Some of the Balance of Payments Accounts

question 250

Essay

-The above gives some of the balance of payments accounts of the United States in 2023.
a) What is the current account balance?
b) What is the capital account balance?
c) What is the official settlements account balance?

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Definitions:

Accounts Receivable

Unsettled payments from customers to a company for goods delivered or services rendered.

Free Cash Flow

The amount of cash generated by a business after accounting for operational expenses and capital expenditures, available for distribution among stakeholders.

Operating Activities

Activities that are directly related to the operation of the business, such as selling, managing, and producing goods and services.

Capital Expenditures

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.