Which international account is used to record payments for imports, receipts from exports, net interest paid abroad and net transfers?

Question

Quizplus · Accepted Answer

The current account records payments for imports, receipts from exports, net interest paid abroad, and net transfers. The capital and financial account records capital flows and investment transactions between countries, while the official settlements account is not a commonly used account in international trade transactions. The trade account is not a specific account in international payment records, but rather a general term used to refer to all accounts related to trade transactions.

Which International Account Is Used to Record Payments for Imports