The account that records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest income paid abroad, and net transfers is the
A) current account.
B) official settlements account.
C) international capital account.
D) capital and financial account.

Question

Quizplus · Accepted Answer

The current account records transactions related to the export and import of goods and services, net income from abroad (including interest), and net current transfers. It reflects the country's net income, as opposed to the capital and financial account, which records net change in ownership of national assets.

The Account That Records the Receipts from the Exports of Goods