The balance of payments includes which three accounts?
A)the current account, the financial account, and the capital account
B)the capital flows account, the financial account, and the trade account
C)the net investment account, the net exports account, and the net transfers account
D)the balance of trade account, the net foreign investment account, and statistical discrepancy
E)the capital account, the official settlements account, and the current account

Question

Quizplus · Accepted Answer

The balance of payments includes the current account, the financial account, and the capital account. The current account records transactions related to trade in goods and services, income receipts and payments, and net transfers. The financial account records transactions related to cross-border investment, such as foreign direct investment and portfolio investment. The capital account records transfers related to capital transactions, including debt forgiveness and nonmonetary gold transactions.

The Balance of Payments Includes Which Three Accounts