The Account That Records Changes in the U

question 89

Multiple Choice

The account that records changes in the U.S. government's holdings of foreign currency is the

• A) capital and financial account.
• B) official settlements account.
• C) current account.
• D) U.S. official reserves account.

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Definitions:

Expansionist Stage

A phase in the development of a country or empire during which it seeks to increase its size and influence by acquiring new territories.

Multiculturalism

A social and political approach that recognizes, celebrates, and promotes the diversity of cultural traditions and practices within a society.

Institutionalized

Placed in or confined to a residential institution.

Xenophobia

An irrational fear or hatred of foreigners or strangers, often leading to discrimination and hostility.