Question

In balance of payment accounts, all goods exported and imported are recorded in

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Answer 1

Answer:

The correct answer to this question is the current account.

Explanation:

Given - All goods exported and imported.

To Find - In the balance of payment accounts, all goods exported and imported are recorded.

In the balance of payment accounts, all goods exported and imported are recorded in the current account.

The current account and the capital account are the two primary accounts in the BoP. The current account keeps track of transfer payments, service commerce, and the export and import of products. The capital account keeps track of all domestic and foreign exchanges of assets like cash, securities, bonds, and so forth.

Only exports and imports of goods and services are recorded in the current account of the balance of payments. The exports and imports of products, services, and unilateral transfers like remittances, presents, contributions, etc. make up the current account of the balance of payments. The current account balance is the total net value of all of these.

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Answer 2

Answer:

The current account is the proper response to this query.

Explanation:

Given: All imported and exported commodities.

To Discover - All exported and imported items are listed in the balance of payment accounts.

All imported and exported items are documented in the current account of the balance of payments.

The BoP's two main accounts are the capital and current accounts. The current account keeps track of product exports and imports, service commerce, and transfer payments. All domestic and international exchanges of assets like cash, securities, bonds, and so forth are recorded in the capital account.

The current account of the balance of payments only records exports and imports of goods and services. The current account of the balance of payments comprises exports and imports of goods, services, and unilateral transfers such as remittances, gifts, contributions, etc. The total net value of all of these is the current account balance.

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