Commerce WAEC

The term capital account in international trade includes?

I. foreign investment

II. long-term lending

III. short-term lending

IV. foreign exchange reserve

V. short-term borrowing.

A. I & II only
B. III & V only
C. II, III & IV only
D. I, III & IV only
E. II, IV & V only

Correct Answer:

Option A – I & II only

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