The value of financial assets transferred across country borders by people who move to a different country is included in the balance of payments in the capital account.

Question

Quizplus · Accepted Answer

When people move to a different country, any financial assets they bring with them or transfer across borders (such as money in bank accounts or stocks) are recorded in the capital account of the balance of payments, which tracks international transactions in assets. Therefore, the statement is true.

The Value of Financial Assets Transferred Across Country Borders by People