The Official Settlements Balance or Balance of Payments Is the Sum

question 79

Multiple Choice

The official settlements balance or balance of payments is the sum of

• A) the current account balance, the capital account balance, the non reserve portion of the financial account balance, the statistical discrepancy.
• B) the current account balance and the capital account balance.
• C) the current account balance, the capital account balance, the non reserve portion of the financial account balance.
• D) the current account balance and the non reserve portion of the financial account balance.
• E) the current account balance and the interest in all investments.

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Definitions:

Book Value

The net value of an asset or liability recorded on the balance sheet, determined by subtracting its accumulated depreciation or amortization from its original cost.

Equity Method

An accounting technique used to record the investments in other companies where the investor has significant influence but does not have full control.

Gross Profit

The difference between revenue and the cost of goods sold before accounting for other expenses.

Intra-Entity Sales

Transactions of goods, services, or assets between divisions within the same organization.