The Current Account Shows Transactions in Goods and Services; the Capital

question 167

True/False

The current account shows transactions in goods and services; the capital account shows purchases and sales of assets; and the official reserve transactions account shows movement of international reserves.

---

Definitions:

ELL

English Language Learners; individuals who are learning the English language in addition to their native language.

Information-Processing System

A framework or model used to describe how humans and machines process, analyze, and store information.

Control Processes

The mental functions that help regulate, direct, and command abilities and behaviors, crucial for attaining goals and problem-solving.

Memory

The cognitive process that involves encoding, storing, and retrieving information from the past.