In international trade, all payments and gifts that are related to the purchase or sale of both goods and services are referred to as the

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The current account in international trade includes all payments and gifts related to the purchase or sale of goods and services, such as imports and exports, income from foreign investments, and remittances. The capital account refers to the flow of funds between countries due to investments, while the labor account and official reserve transactions account are not directly related to payments and gifts in international trade.

In International Trade, All Payments and Gifts That Are Related