The current account of the United States includes all of the following EXCEPT
A) trade in goods and services.
B) unilateral transfers.
C) income receipts and payments.
D) gold flows between the United States and foreign central banks.

Question

Quizplus · Accepted Answer

The current account of the United States includes trade in goods and services, unilateral transfers, and income receipts and payments. However, gold flows between the United States and foreign central banks would be recorded in the capital and financial accounts rather than the current account.

The Current Account of the United States Includes All of the Following