Question 5
Foreign TradeThe merchandise trade, services and income account, and unilateral transfers in the balance of payments (BOP) are recorded in the
- A.Current account
- B.Capital account
- C.Official reserves
- D.Exports account
- E.Imports account
Show the answer and explanation
Answer: A (Current account)
Explanation
Trade in goods and services, income and transfers all go in the current account.