Canadian retailers import toys from China.In the Canadian balance of payments account,this transaction is entered as a payment _____ foreigners in the _____ account.

Question

Quizplus · Accepted Answer

The purchase of toys by Canadian retailers from China would be classified as an import of goods, which falls under the current account in the balance of payments. Therefore, this transaction would be entered as a payment to foreigners in the current account.

Canadian Retailers Import Toys from China