Question

The records of exports and imports in goods and services and transfer payments is known as

a) Current account
b) Budget surplus
c) Economic leakage
d) degree of openness

Answer 1

Answer:

your answer is a) current account

plz mark as the brainliest answer

Answer 2

The records of exports and imports in goods and services and transfer payments are known as the Current account. (Option a)

• A current account, also known as a financial account, is a type of deposit account used to conduct large-value transactions regularly.
• Current Accounts are used to store liquid funds and, unlike Savings Accounts, do not pay interest.
• Businessmen, such as proprietors, partnership partnerships, trusts, associations of persons, public and private corporations, and so on, open current accounts.