The payment of veterans benefits to U.S. servicemen retired in the Philippines w

Question

The payment of veterans benefits to U.S. servicemen retired in the Philippines would be included in ________ section in the calculation of the U.S. balance of payments.

only the capital account

both the capital account and the transfer account

both the current account and the transfer account

both the capital and the current accounts

only the capital account

both the capital account and the transfer account

both the current account and the transfer account

both the capital and the current accounts

Explanation / Answer

it would be included in both in captial account and the transfer account.

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