The capital account is the value of US assets abroad and foreign assets in the United States,other than official reserve assets.

Question

Quizplus · Accepted Answer

The capital account in balance of payments accounting primarily records transfers of financial capital and non-produced, non-financial assets. The description given refers more accurately to the financial account, which records investments in foreign assets by residents and domestic assets by non-residents.

The Capital Account Is the Value of US Assets Abroad