The _____ account reflects the movement of goods and services into and out of the country.The _____ account reflects the flow of financial assets into and out of the country.
A)universal transfer;financial
B)universal transfer;current
C)current;financial
D)capital;current
E)capital;financial

Question

Quizplus · Accepted Answer

The current account records the movement of goods and services, while the financial account records the flow of financial assets such as investments and transactions between countries. Therefore, the choice C is the correct answer. The other options are incorrect because they either include an incorrect account or do not differentiate between the two accounts.

The _____ Account Reflects the Movement of Goods and Services