Current account transactions are records of the incomes and expenditures from exports and imports, plus international financial investments and borrowing.

Question

Quizplus · Accepted Answer

Current account transactions record the trade of goods and services, income from foreign investments minus payments made to foreign investors, and cash transfers, but do not include international financial investments and borrowing, which are part of the capital account.

Current Account Transactions Are Records of the Incomes and Expenditures