Foreign investment and long term securities in the balance of payment accounts are recorded as

Economics

WAEC 2022

A. current account transaction
B. capital account transaction
C. balance of trade account transaction
D. invisible balance account transaction

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Correct Answer: Option B

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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Foreign investment and long term securities in the balance of payment accounts are recorded as

Correct Answer: Option B

Explanation

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