Foreign investment and long term securities in the balance of payment accounts are recorded as...
ECONOMICS
WAEC 2022
Foreign investment and long term securities in the balance of payment accounts are recorded as
- A. current account transaction
- B. capital account transaction
- C. balance of trade account transaction
- D. invisible balance account transaction
Correct Answer: B. capital account transaction
Explanation
Capital account transaction is the net balance of international investments. In order words, it keeps track of the flow of money between a nation and its foreign partners
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