The current account
A) keeps track of all spending flows on imports and exports of goods and services.
B) keeps track of all spending flows on imports and exports of goods and services and assets.
C) is an ongoing balance of what is owed a nation by foreigners.
D) is an ongoing balance of a nation's foreign debts.

Question

Quizplus · Accepted Answer

The current account records all transactions related to imports and exports of goods and services, as well as income and current transfers, but not assets.

The Current Account