The balance of payments in ______________ shows trade in currently produced goods and services, as well as unilateral transfers of including private gifts and foreign aid.
A)current account
B)capital account
C)trade balance
D)direct investments
E)portfolio investment

Question

Quizplus · Accepted Answer

The current account reflects trade in goods and services, including exports and imports, as well as unilateral transfers such as private gifts and foreign aid. It captures the flow of goods, services, primary income, and secondary income transactions between residents and non-residents.

The Balance of Payments in ______________ Shows Trade in Currently