why-is-the-capital-account-considered-trivial-in-the-context-of-this-class

Question

Why is the capital account considered trivial in the context of this class?

Accepted Answer

It deals with minor transactions like debt forgiveness and intangible assets.

Answer

It is the largest component of the balance of payments.

Answer

It directly impacts the current account balance.

Answer

It is the main focus of international trade.