In a country's balance of payments, the ________ tracks all trade activity in merchandise.
A)capital account
B)current account
C)payment account
D)deficit account

Question

Quizplus · Accepted Answer

The current account of a country's balance of payments tracks all trade activity in merchandise, services, income receipts, and unilateral transfers. It includes all transactions that involve the exchange of money for goods or services, as well as income received from abroad, such as earnings from investments or wages earned by citizens working in other countries.

In a Country's Balance of Payments, the ________ Tracks All