The current account of the balance of payments accounting system has several subcategories.Which of the following is not one of those subcategories?

Question

Quizplus · Accepted Answer

The subcategories of the current account are the trade account, the service account, the income account, and the unilateral transfers account. There is no expense account category. Instead, expenses are included in the income account as payments for income earned by foreign entities.

The Current Account of the Balance of Payments Accounting System