A country's international transactions can be grouped into the following three main types:
A)current account,medium term account,and long term capital account.
B)current account,long term capital account,and official reserve account.
C)current account,capital account,and official reserve account.
D)capital account,official reserve account,trade account.

Question

Quizplus · Accepted Answer

The three main types of a country's international transactions are current account, capital account, and official reserve account. The current account records transactions related to trade in goods and services, income flows, and transfers. The capital account records the flows of capital such as investments and loans. The official reserve account records the changes in a country's official reserves of gold and foreign currencies. The other options mentioned in the other choices are incorrect or incomplete.

A Country's International Transactions Can Be Grouped into the Following