The ________ includes all international economic transactions with income or payment flows occurring within the year.
A) capital account
B) current account
C) financial account
D) IMF account

Question

Quizplus · Accepted Answer

The current account records all international economic transactions that involve income or payment flows within a given year, such as trade in goods, services, income, and transfer payments. The capital account records flows of financial assets and liabilities, while the financial account records purchases and sales of financial assets and liabilities between residents and non-residents. The IMF account is not a category of international economic transactions.

The ________ Includes All International Economic Transactions with Income or Payment