Upgrade subject to access all content
All of the following statements are true of the current account of a country EXCEPT:
Current account transactions are part of the balance of payments of a country.
Current account transactions include purchases of imports and sales of exports.
Current account deficits and current account surpluses affect the international value of a country's currency.
Current account transactions include purchases of foreign stocks, bonds, or real estate.
Current account transactions affect the size of a country's real gross domestic product.