The current account is defined as that part of the balance of payments that records transactions leading to a change of ownership of commodities, or a direct flow of income or similar payment.

Name: The current account is defined as that part of the balance of payments that records transactions leading to a change of ownership of commodities, or a direct flow of income or similar payment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is the correct definition of the current account in the balance of payments.

The Current Account Is Defined as That Part of the Balance