Larry,a Canadian citizen,opens and operates a bookstore in Spain.Which of the following does this counts as?
A)investment for Larry and Canadian foreign direct investment
B)investment for Larry and Canadian foreign portfolio investment
C)Canadian foreign direct investment and Canadian domestic investment
D)Canadian foreign portfolio investment and Canadian domestic investment

Question

Quizplus · Accepted Answer

Larry's opening and operating a bookstore in Spain represents Canadian foreign direct investment, as he has a controlling interest in the business and is actively involved in its operations. It is also an investment for Larry personally, as he has put his own money and effort into starting the business. It is not considered Canadian foreign portfolio investment, which typically involves passive investments in securities or financial assets rather than active business operations. Additionally, it is not considered Canadian domestic investment since the investment is taking place in a foreign country.

Larry,a Canadian Citizen,opens and Operates a Bookstore in Spain