The account that records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest income paid abroad, and net transfers is the _ .

Question

Quizplus · Accepted Answer

The description given represents the current account, which records the flow of goods and services, as well as net transfers and income. The official settlements account and international capital account are not relevant to this description. The capital account records the flow of capital, such as investments and loans.

The Account That Records the Receipts from the Exports of Goods