The current account on the BOP has three subaccounts:

Question

Quizplus · Accepted Answer

The current account of the balance of payments has three sub-accounts: merchandise, services, and unilateral transfers. The merchandise account records a country's import and export of tangible goods, the services account records services traded between the country and the rest of the world (such as tourism, transportation, and consulting services), and the unilateral transfers account records one-way transfers of assets, including remittances sent by immigrants and foreign aid. Therefore, option D is the correct answer.

The Current Account on the BOP Has Three Subaccounts