When a u.s. company purchases $1 million worth of french cheese, the value of that transaction is recorded in the current account. Option D.
The country's imports and exports of products and services, payments to foreign investors, and transfers like foreign aid are all reflected in the current account.
A savings account is appropriate for those who are salaried or receive a monthly income, but a current account is best for business owners and traders who frequently need to access their funds. A current account does not yield interest; savings accounts do, usually at a rate of roughly 4%.
Because most commodities and services are spent during the present period, it is called the current account.
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