Which of the following accounts of a country's balance of payments records transactions involving the export of services?
A)transactional account
B)capital account
C)savings account
D)current account

Question

Quizplus · Accepted Answer

The current account of a country's balance of payments records transactions involving the export and import of goods and services, as well as income and transfers. Therefore, it accounts for exports of services. A) The transactional account is not a term used in the balance of payments. B) The capital account records transactions involving the purchase and sale of assets, such as foreign investment and loans. C) The savings account is a personal finance term and is not related to the balance of payments.

Which of the Following Accounts of a Country's Balance of Payments