In 2008, the Current Account Balance Was -706 Billion and the Capital

question 246

Multiple Choice

In 2008, the current account balance was -706 billion and the capital account balance was +711 billion.Therefore, the official settlements account balance was ________ and the balance of all payments accounts was ________.

• A) -5; zero
• B) +5; zero
• C) not enough information to determine; most likely negative
• D) negative; negative
• E) positive; positive

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Definitions:

Aging

The process of becoming older, encompassing a range of physical, cognitive, and social changes over time.

Aging In Place

Remaining in one’s own home, with or without assistance, in later life.

Caregiver

An individual who provides care to another, especially to those who are unable to care for themselves due to youth, illness, or disability.

Stable Aging

The process of maintaining physical, mental, and social well-being in older adulthood with minimal decline.