A country's balance of payments on financial account is the difference between the country's sales of assets to foreigners and its purchases of assets from foreigners during a given period.

Question

Quizplus · Accepted Answer

This statement is true as the financial account in the balance of payments records the country's transactions of buying and selling financial assets with other countries. The balance on financial account represents the net inflow or outflow of financial capital from the country.

A Country's Balance of Payments on Financial Account Is the Difference