Which one of the following statement regarding the current account is correct?
1. It records a country's net trade in good and services.
2. It represents a country's exported and imported goods only.
3. It can never be negative as transactions with the rest of the world takes place daily.
4.It indicates a surplus when goods and services imported are greater than goods and services exported.
1. It records a country's net trade in good and services.
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