In the Balance of Payments Account, the transfer payments are included in which one of the following?

In the Balance of Payments (BoP) accounts, unilateral transfer payments—such as workers' remittances, gifts, grants, and humanitarian aid received or sent without any quid pro quo—are recorded in the Current Account under current transfers (secondary income). The Capital Account records capital flows and capital transfers, the Service Account records trade in services (a separate sub-component of the Current Account), and the Official Reserves Account tracks central bank foreign exchange and reserve asset changes.