The part of the balance of payments that records a country's net exports,net investment income,and net transfers is the
A) capital account.
B) current account.
C) financial account.
D) statistical discrepancy account.

Question

Quizplus · Accepted Answer

The current account records a country's net exports (exports minus imports of goods and services), net investment income (income earned from investments abroad minus income paid to foreign investors), and net transfers (such as foreign aid). The capital account records capital transfers, such as debt forgiveness and the transfer of ownership of fixed assets, while the financial account records transactions involving financial assets and liabilities. The statistical discrepancy account records errors and omissions in the balance of payments data.

The Part of the Balance of Payments That Records a Country's