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WAEC Economics 2022 Question 44

Question 44

Balance of Payments and Exchange Rates

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

  1. A.current account transaction
  2. B.capital account transaction
  3. C.balance of trade account transaction
  4. D.invisible balance account transaction
Show the answer and explanation

Answer: B (capital account transaction)

Explanation

Investment and securities are capital flows.