Which international account is used to record payments for imports, receipts from exports, net interest paid abroad and net transfers?
A) the capital and financial account
B) the current account
C) the official settlements account
D) the trade account

Question

Quizplus · Accepted Answer

The current account is used to record transactions that involve the export and import of goods and services, net earnings on foreign investments versus payments made to foreign investors, and net transfer payments, such as foreign aid and remittances.

Which International Account Is Used to Record Payments for Imports