Which of the following statements accurately describes the current account of the balance of payments?
1
It records all financial transactions, including investments and loans, between a country and the rest of the world.
2
It includes transactions related to goods, services, primary income, and secondary income.
3
It measures the flow of capital and financial assets in and out of a country.
4
It only includes transactions involving physical goods and excludes services.
5
It shows the changes in a country's official reserves and foreign exchange assets.