Question : Which of the following is not a type of financial transaction?
Option 1: Purchasing a foreign stock
Option 2: Taking out a loan from a foreign bank
Option 3: Paying for a foreign import
Option 4: Receiving payment for a foreign export
Answer (1)
22nd Jan, 2024
Correct Answer: Paying for a foreign import
Solution :
The correct answer is (c) Paying for a foreign import.
Paying for a foreign import is a current account transaction involving the exchange of goods or services, rather than a financial transaction.Financial transactions typically involve the movement of funds or financial assets between countries.
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