___________________ Includes All Long-Term Investments That Do Not Give the Investors

question 70

Multiple Choice

___________________ includes all long-term investments that do not give the investors effective control over the investment. Such transactions typically involve
The purchase of stocks or bonds of foreign investors for investment.

• A) Current account balance
• B) Capital account
• C) Trade balance
• D) Direct investments
• E) Portfolio investment

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Definitions:

EFT Transfer

An electronic transfer of funds from one bank account to another, either within a single financial institution or across multiple institutions.

Bank Service Charge

Fees charged by a bank to its customers for account-related services.

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a given period.

Internal Control Procedures

Processes implemented by a company to ensure integrity of financial and accounting information, promote accountability, and prevent fraud.