The balance of trade is included in the _____ account.

Question

Quizplus · Accepted Answer

The balance of trade is a part of the current account of a country's balance of payments. The current account records the flow of exports and imports of goods and services, as well as transfer payments and income from investments. The capital account, on the other hand, records transactions related to capital assets such as investments and loans. Surplus and deficit refer to the overall balance of payments, which takes into account both the current account and the capital account.

The Balance of Trade Is Included in the _____ Account