For the United States, the largest component of its current account transactions consists of
A) payments for imports of goods and services and receipts from exports of goods and services.
B) payments for military transactions with other countries.
C) travel and transportations payments and receipts with other countries.
D) unilateral transfers to other countries and from other countries.

Question

Quizplus · Accepted Answer

The current account transactions of the United States mainly consist of payments for imports of goods and services and receipts from exports of goods and services. This is the largest component of the current account and is reflected in the trade balance.

For the United States, the Largest Component of Its Current