The balance of payments in _____________ summarizes financial transactions with respect to short and long term accounts.
A)current account balance
B)capital account
C)trade balance
D)direct investments
E)portfolio investment

Question

Quizplus · Accepted Answer

The balance of payments in the capital account summarizes financial transactions that involve the transfer of capital, including both short-term and long-term financial investments and loans, across international borders.

The Balance of Payments in _____________ Summarizes Financial Transactions with Respect