The financial account is
A) the value of services provided by capital in foreign countries.
B) the record in the balance of payments of the flow of financial assets into and out of a country.
C) the amount of dollars held abroad.
D) the amount of foreign currency held domestically.
E) a record of the dollar amount of exported and imported services.

Question

Quizplus · Accepted Answer

The financial account in the balance of payments refers to the record of the flow of financial assets, such as investments or loans, into and out of a country. It represents the international investment position of a country and is part of the overall balance of payments. The other options are not accurate descriptions of the financial account.

The Financial Account Is