Payments for imports and receipts from exports are recorded, Business Economics

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Payments for imports and receipts from exports are recorded

Which of the following statements is INCORRECT?

A) Payments for imports and receipts from exports are recorded in the current account.

B) Foreign investment in the United States and U.S. investment abroad are recorded in the capital and financial account.

C) A change in U.S. official reserves is recorded in the official settlements account.

D) Net interest income is recorded in the official settlements account.

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Business Economics: Payments for imports and receipts from exports are recorded

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Business Economics: Payments for imports and receipts from exports are recorded

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