The record of international trade in goods and services and international transfer payments is called

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Quizplus · Accepted Answer

The current account includes the record of international trade in goods and services (exports and imports) and international transfer payments (such as foreign aid and remittances). The balance of payments is a broader measure that includes the current account, the capital account (transactions related to investments), and the financial account (transactions related to financial assets and liabilities). The foreign account and exchange rate account are not commonly used terms in international economics.

The Record of International Trade in Goods and Services and International