The ___________ account records the results of transactions involving merchandise,services,and unilateral transfers between countries.
A)current
B)capital
C)financial
D)income
E)portfolio

Question

Quizplus · Accepted Answer

The current account records transactions related to goods, services, and unilateral transfers between countries. This includes exports, imports, income from foreign investments, and remittances sent by individuals working abroad. The capital account records capital transfers and the financial account records transactions in financial assets between countries. The income account records income received from foreign investments and payments made to foreign investors. The portfolio account is not a recognized category in international accounting.

The ___________ Account Records the Results of Transactions Involving Merchandise,services,and