You do not see shared folders in Account - Choose folders, you only see your local folders you want to be backed up by OneDrive.
When a folder is shared with you, the folder will initially show up in your online view of your OneDrive folders under "Shared With You". Traditionally, to merge the Shared folder into your OneDrive local files, you would click the menu item "Add shortcut to My Files".
Then OneDrive would merge all the folders and files in the Shared drive down to your local PC OneDrive folder tree. All of these shared folders and files would have the little check mark and mini person icon indicating a shared file on the File Manager list. See the snip below:

I have always set the OneDrive advanced option "Files On-Demand" to OFF, so that all the shared files and folders are also fully resident on my local PC. In the snip above the shared PDF file "Treasurer Financial Report 2025-02-27.pdf is a file shared with me from our master server. Any changes I make to that file would be reflected back on the server and also on all other peoples local PCs having the same share defined.
If you look at the properties of the "Treasurer Financial Report" pdf file, you'll see it listed as "This item is shared" as below:

So, something happened a week ago, on February 22nd, that removed all these shared folders and files on the local drive. The shared folder tree became only visible in the On-Line OneDrive view. Then about a week later, on March 3rd, OneDrive Sync and Backup returned to its traditional operation with all the shared folders and files again synced down to my both of my local PCs.
I cannot explain why OneDrive stopped working on February 22nd, but for me on March 3rd, OneDrive suddenly started working again with all the shared folders and files resident on my local PCs.