Answer :
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 is correct.
Current account:
The current account represents a country's imports and exports of goods and services, payments to foreign investors, and remittances such as foreign aid credit cards. His checking account has been heavily debited. A country's current account balance is the difference in the value of its exports and imports over a period of time.
What are the advantages of a checking account?
His one of the most important features of a current account is the fact that it does not accrue interest. The money in the checking account is made available to the account holder whenever they need it, and to compensate for this extra liquidity provided by the bank, the checking account is free of interest.
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