Since 1999,the U.S.________ account has recorded relatively minor transactions,such as migrants' transfers,and sales and purchases of nonproduced,nonfinancial assets.
A)current
B)capital
C)financial
D)balance of trade account

Question

Quizplus · Accepted Answer

The correct answer is B) capital. The capital account in a country's balance of payments records relatively minor transactions such as migrants' transfers and sales and purchases of nonproduced, nonfinancial assets. These transactions are distinct from those recorded in the current account (which includes trade in goods and services, primary income, and secondary income) and the financial account (which records investments in financial assets across borders).