Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Current account, capital account and the financial account are the three categories of transactions in the balance of payments.
All of the economic transactions involving the influx and outflow of commodities and services are included in the current account. This also includes unilateral transfers, investment returns, and the exchange of goods.
Transfers of non-financial assets across borders, changes in the ownership of fixed assets, gifts, and heirlooms are all included in the capital account.
Business investments, financial assets, real estate, and government foreign reserves like SDR and FDI are all included in the financial account.
When it comes to financial assets, a financial account is a part of a nation's balance of payments that covers claims on or liabilities to nonresidents. Direct investments, portfolio investments, and sector-specific reserve assets are some of the financial account's components.
learn more about Current account here
https://brainly.com/question/13275642
#SPJ4
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
