The current account is
A) the difference between exports and imports, also taking into account interest payments to and from the rest of the world.
B) the amount of money the government keeps on hand to pay its bills taking account of the interest payments on its debt.
C) is the amount of tax revenue that the government expects to collect.
D) is the total amount of interest payments that the U.S. owes to foreign countries.

Question

Quizplus · Accepted Answer

The current account is the balance of trade between a country and the rest of the world, taking into account not only the difference between exports and imports of goods and services, but also income flows such as interest payments and transfers.

The Current Account Is