The ________ account of the balance-of-payments statement is used to record all merchandise exports, imports, and services plus unilateral transfers of funds.
A) current
B) capital
C) credit
D) receivables
E) reserves

Question

Quizplus · Accepted Answer

The current account is the correct answer because it includes all transactions related to imports and exports of goods and services, income from foreign investments, and unilateral transfers such as foreign aid, but does not include financial asset transfers, which are part of the capital account.

The ________ Account of the Balance-Of-Payments Statement Is Used to Record