The balance of payments account used to record payments for imported goods and services is the

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The balance of payments account used to record payments for imported goods and services is the current account. The current account records all international transactions involving income and transfer payments, and the import of goods and services is one of these transactions. The capital account records capital flows, while the import account and exim account are not commonly used terms in international finance.

The Balance of Payments Account Used to Record Payments for Imported