The part of the balance of payments that records purchases of assets a country has made abroad and foreign purchases of assets in the country is the
A) capital account.
B) current account.
C) financial account.
D) statistical discrepancy account.

Question

Quizplus · Accepted Answer

The financial account records transactions that involve the purchase or sale of assets, including investments in foreign countries and foreign investments in the domestic country.

The Part of the Balance of Payments That Records Purchases