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 current account records receipts from exports and payments for imports, as well as other items such as net transfers and net interest income. The official settlements account is a subcategory of the current account, which records transactions related to government intervention in the foreign exchange market. The international capital account records capital flows such as foreign investment in domestic assets and domestic investment in foreign assets. The capital and financial account records transactions related to changes in ownership of foreign financial assets and liabilities.

The Account That Records the Receipts from the Exports of Goods