The current account records foreign purchases of assets in the United States and U.S. purchases of assets abroad.

Name: The current account records foreign purchases of assets in the United States and U.S. purchases of assets abroad.
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The current account records transactions related to trade in goods and services, income on foreign investments, and transfer payments, not the purchase of assets. The purchase of assets is recorded in the capital account and financial account.

The Current Account Records Foreign Purchases of Assets in the United