If the Official Settlements Account Is Zero, Whenever the United

question 54

True/False

If the official settlements account is zero, whenever the United States has a current account deficit, it must also have a capital account deficit.

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Definitions:

Cuba

An island nation in the Caribbean known for its significant cultural heritage, historical socio-political events, and current communist government.

American Expansionism

A policy and ideology that advocates for the territorial or economic expansion of the United States across North America and beyond, historically through methods such as colonization, annexation, and war.

Overseas Trade

The exchange of goods, services, and capital between countries across international borders or territories.