In a balance-of-payments record, the current account is a record of direct investment, portfolio investment, and short-term capital movements to and from countries.

Question

Quizplus · Accepted Answer

The current account records a nation's transactions with the rest of the world specifically in goods, services, primary income (such as interest and dividends), and secondary income (such as foreign aid), not direct investment, portfolio investment, and short-term capital movements, which are recorded in the financial account.

In a Balance-Of-Payments Record, the Current Account Is a Record