Which item is recorded primarily in the financial account of a country's balance of payments?
Correct answer: C. Purchase of foreign shares by residents
- A. Exports of manufactured goods
- B. Workers' remittances received
- C. Purchase of foreign shares by residents
- D. Payments for imported fuel
Explanation
The financial account records transactions involving financial assets and liabilities, such as residents purchasing foreign shares. Goods trade, remittances, and fuel payments are generally recorded in the current account.
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