WAEC Economics 2017 Question 46

Question 46

Balance of Payments and Exchange Rates

Which of the following items is recorded in a country's current account section of the balanace of payments?

  1. A.Investment income
  2. B.Foreign direct investment
  3. C.Long-term capital flows
  4. D.Long-term loans
Show the answer and explanation

Answer: A (Investment income)

Explanation

Investment income is a current item; the others are capital flows.