Which of the following is recorded in the capital account of a country's balance of payments?
A) income payments
B) income receipts
C) foreign official assets
D) unilateral transfers

Question

Quizplus · Accepted Answer

The capital account of a country's balance of payments records transactions related to the acquisition and disposal of non-produced, non-financial assets such as patents, copyrights, and trademarks, as well as transactions involving official foreign reserves and financial assets transferred between governments. Therefore, option C, foreign official assets, is recorded in the capital account. The other options are recorded in other accounts: A) income payments are recorded in the current account, B) income receipts are recorded in the current account, and D) unilateral transfers are recorded in the current account.

Which of the Following Is Recorded in the Capital Account