The capital account is a national account that records transactions involving the import and export of goods and services, income receipts on assets abroad, and income payments on foreign assets inside the country.

Question

Quizplus · Accepted Answer

The capital account records financial transactions that affect a country's assets and liabilities, such as investments and loans, not the import and export of goods and services, which are recorded in the current account.

The Capital Account Is a National Account That Records Transactions