Concerning the balance of payments statement, the ______ indicates the receipts from exports of goods and services sold overseas, the payments for imports of goods and services from overseas, unilateral transfers (net), and income receipts and payments (net)
a. current account
b. monetary gold account
c. capital and financial account
d. official reserve asset account

This is an account which records all the state's transactions with all other states around the globe mostly its net earnings from their cross border investments,and the states net transfer;which is determined by a particular span of time such as a year.

Important notes about this account

- This account retains all the net earnings of a state that comes from the following :

imports and exports of goods and services ,payments from foreign investors , and transfers .

- it may be a negative value or positive value where positive means there is more than enough in the account and negative means its a deficit