Which account in the balance-of-payments statement is a record of direct investment, portfolio investment, and short-term movement of cash and technology to and from countries?
A) current account
B) capital account
C) credit account
D) receivables account
E) reserves account

Question

Quizplus · Accepted Answer

The capital account in the balance-of-payments statement records transactions that involve the transfer of capital, such as direct investment, portfolio investment, and short-term capital flows, including the movement of cash and technology across borders.

Which Account in the Balance-Of-Payments Statement Is a Record of Direct