What are the transactions that the balance of payments accounts record?

The ______ account records receipts from exports of goods and services sold abroad, payments for imports of goods and services from abroad, and ______.

A.

capital and financial; net interest income paid abroad and net transfers

B.

current; net interest income paid abroad and net transfers

C.

trade; net income received from abroad and foreign investment in Canada

D.

current; net income received from abroad and foreign investment in Canada

The ______ account records ______ Canadian investment abroad.

A.

current; foreign investment in Canada minus

B.

international financial; foreign investment in Canada plus

C.

international financial; foreign investment in Canadian bank accounts plus

D.

capital and financial; foreign investment in Canada minus

The official settlements account records the change in Canadian official reserves, which are the government's holdings of ______.

If Canadian official reserves

decrease

,

the official settlements account balance is ______.

A.

foreign loans; positive

B.

foreign government securities; negative

C.

foreign bank deposits; negative

D.

foreign currency; positive