Which of the following statements accurately defines the current account?
It is a record of the foreign purchases of assets in the domestic economy and domestic purchases of assets abroad.
It is a record of the price of one unit of a country’s currency in terms of another country’s currency.
It is a record of a country’s imports and exports of goods and services, net investment income, and net transfers.
It is a record of the fluctuations in currency values that are partially determined by government intervention.
