Asked by
Rishit Gaming
on Nov 26, 2024
Verified
The purchase of a foreign hotel by a U.S. company is recorded as an inflow of money in the financial account of the U.S. balance-of-payments statement.
Financial Account
A component of the balance of payments that records transactions of financial assets between a country and the rest of the world.
- Familiarize with the structure and components that constitute a nation's balance of payments.
Verified Answer
FN
Learning Objectives
- Familiarize with the structure and components that constitute a nation's balance of payments.
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