WAEC Economics 2017 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.
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Which of the following items is recorded in a country's current account section of the balance of payments?
- A. A. Investment incomeCorrect
- B. B. Foreign direct investment
- C. C. Long-term capital flows
- D. D. Long-term loans
Explanation
Investment income is recorded in a country's current account section of the balance of payments (foreign direct investment and capital flows/loans belong in the capital account).
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