True or False: The current account is a subsection of the capital account.

Reading:

Since the balance of payments records all types of international transactions a country consummates over a certain period of time, it contains a wide variety of accounts. However, a countrys international transactions can be grouped into the following three main types: 1. The current account. 2. The capital account. 3. The official reserve account. The current account includes the export and import of goods and services, whereas the capital account includes all purchases and sales of assets such as stocks, bonds, bank accounts, real estate, and businesses. The official reserve account, on the other hand, covers all purchases and sales of international reserve assets such as dollars, foreign exchanges, gold, and special drawing rights (SDRs).