The 'balance of payments' includes all of the following accounts except the:
A)current account.
B)financial account.
C)capital account.
D)national debt account.

Question

Quizplus · Accepted Answer

The national debt account is not included in the balance of payments. The balance of payments consists of the current account, which records trade in goods and services, the financial account, which records financial transactions such as investment and borrowing, and the capital account, which records capital transfers. The national debt account is a separate record of a country's debt and borrowing activities.

The 'Balance of Payments' Includes All of the Following Accounts