Which of the following transactions would be included in the…

JAMB Commerce 2023 69 views

Which of the following transactions would be included in the current account of the balance of payments?

  1. A foreign direct investment in a local company.
  2. A loan taken from a foreign bank.
  3. The purchase of goods from abroad. ✓
  4. The sale of a domestic asset to a foreign investor.

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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