What significance does the financial accounts in the balance of payments have?
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The current account is a reflection of the country's current trade balance, combined with net income and direct payments, and measures the import and export of goods and services. When combined with the financial and capital accounts, the threeaccounts form a country'sbalance of payments
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The current account is a reflection of the country's current trade balance, combined with net income and direct payments, and measures the import and export of goods and services. When combined with the financial and capital accounts, the threeaccounts form a country'sbalance of payments
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Answer: current account- It records of exports and imports of goods and services and unilateral transfer resident of a country and rest of the world.
Explanation:
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