All of the following are part of the current account EXCEPT ________.
A) U.S. unilateral transfers
B) U.S. private assets
C) income payments on foreign assets in the U.S.
D) income receipts on U.S. assets abroad

Question

Quizplus · Accepted Answer

The current account includes international trade in goods and services, income receipts and payments, and unilateral transfers. U.S. private assets refer to capital flows and are not part of the current account.

All of the Following Are Part of the Current Account