If a French billionaire buys stock in the Bank of Montreal, then that purchase will be recorded in the:
A) Canadian current account.
B) French current account.
C) Canadian capital account.
D) Canadian services account.

Question

Quizplus · Accepted Answer

When a foreign investor, such as a French billionaire, buys stock in a Canadian company like the Bank of Montreal, the transaction is recorded in the Canadian capital account. This account tracks the flow of investment into and out of the country, including investments in stocks, bonds, and real estate.

If a French Billionaire Buys Stock in the Bank of Montreal