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WAEC Economics 2004 Question 44

Question 44

Balance of Payments and Exchange Rates

Which of the following items is under the capital account of a balance of payments?

  1. A.repayments of foreign loans
  2. B.visible imports
  3. C.invisible exports
  4. D.visible exports
Show the answer and explanation

Answer: A (repayments of foreign loans)

Explanation

Loans and their repayment are capital movements; imports and exports are current account items.