The two main categories in the balance of payments are the ________.
A)merchandise exchange account and the services account
B)external debt and the unilateral transfers account
C)merchandise trade account and the capital account
D)current account and the capital account

Question

Quizplus · Accepted Answer

The two main categories in the balance of payments are the current account and the capital account. The current account includes the balance of trade in goods and services, net income from abroad, and net transfers. The capital account includes foreign direct investment, portfolio investment, and other capital flows.

The Two Main Categories in the Balance of Payments Are