-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:

Incongruence

A state of discrepancy or lack of harmony between two or more elements, such as beliefs, behaviors, or attitudes.

Psychological Contract

A non-documented agreement of anticipated responsibilities and advantages shared between a worker and their employer.

Unrealistically High

Pertains to expectations or goals that are set far beyond achievable standards, often leading to disappointment or failure.

Psychological Contract Breach

Occurs when an employee perceives that their employer has failed to fulfill one or more promises or agreements in their perceived psychological contract.