Which account in the balance of payments records transactions involving the export and import of goods and services?
A)current
B)foreign
C)internal
D)tariff
E)savings

Question

Quizplus · Accepted Answer

The current account records all transactions related to the trade of goods and services between a country and its trading partners, including exports and imports. It also includes transactions such as income earned from foreign investments and remittances from abroad. Thus, option A is the correct choice.

Which Account in the Balance of Payments Records Transactions Involving