Canada's balance of payments accounts are the
A)current account, capital and financial account, and net interest account.
B)capital and financial account, official settlements account, and merchandise trade account.
C)current account, capital and financial account, and official settlements account.
D)official settlements account, current account, and net interest account.
E)capital and financial account, current account, and merchandise trade account.

Question

Quizplus · Accepted Answer

Canada's balance of payments accounts consist of the current account, capital and financial account, and official settlements account. The current account records transactions for goods, services, income, and current transfers. The capital and financial account records capital flows and financial transactions, such as foreign direct investment, portfolio investments, and loans. The official settlements account records transactions between the Canadian government and foreign governments, including official reserves, debt forgiveness, and foreign aid. Therefore, option C is the best choice.

Canada's Balance of Payments Accounts Are the