NABTEB Economics 2022 Objective — Question 44
Question 44 of 50 from the National Business and Technical Examinations Board (NABTEB) Economics 2022 Objective paper, with the correct answer and a full explanation.
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Foreign investment and long-term securities in the balance of payments are recorded as
- A. current account transaction
- B. capital account transactionCorrect
- C. balance of trade account transaction
- D. invisible balance account transaction
Explanation
Foreign investments and long-term securities are capital account transactions in the balance of payments; the capital account records the movement of money and securities from one country to another.
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