WAEC Economics 2022 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) 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 accounts are recorded as
- A. current account transaction
- B. capital account transactionCorrect
- C. balance of trade account transaction
- D. invisible balance account transaction
Explanation
Foreign investment and long-term securities are recorded in the capital account of the balance of payments, because they do not occur regularly like current account transactions.
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