Payments made to foreign firms arising from Canadians' purchases of foreign goods and services are shown in Canada's

Question

Quizplus · Accepted Answer

Payments made to foreign firms arising from Canadians' purchases of foreign goods and services are recorded in the current account of the balance of payments, which tracks transactions in goods, services, income and current transfers between Canada and the rest of the world.

Payments Made to Foreign Firms Arising from Canadians' Purchases of Foreign