The account that summarizes the flow of money into and out of domestic and foreign assets is called the _____ account.

Name: The account that summarizes the flow of money into and out of domestic and foreign assets is called the _____ account.
Brand: Quizplus
Rating: 5.0 (50 reviews)

Question

Quizplus · Accepted Answer

The capital account in a country's balance of payments summarizes the flow of money into and out of the country for the purpose of investment in capital assets, distinguishing it from the current account which deals with trade in goods and services.

The Account That Summarizes the Flow of Money into and Out