In a nation's balance of payments, the current account includes

Question

Quizplus · Accepted Answer

The current account in a nation's balance of payments includes the balance of the trade account (exports minus imports), the balance of the services account (e.g. tourism receipts, transportation services), and net unilateral transfers (e.g. foreign aid, remittances). The changes in the official reserve transaction account and purchases of foreign assets fall under the capital and financial account.

In a Nation's Balance of Payments, the Current Account Includes