Transactions that involve currently produced goods and services, including the balance of goods and services and net unilateral transfers, are explicitly measured in the
A)current account.
B)capital account.
C)foreign exchange market.
D)transfers account.

Question

Quizplus · Accepted Answer

Transactions that involve currently produced goods and services, including the balance of goods and services and net unilateral transfers, are explicitly measured in the current account of the balance of payments. The capital account measures transactions in financial assets and changes in ownership of intangible assets. The foreign exchange market is a market where currencies of different countries are traded. There is no transfers account in the balance of payments.

Transactions That Involve Currently Produced Goods and Services, Including the Balance