Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

When exports of goods or services are made by Country A to Country B and value is transferred by Country B to Country A. Which transaction is this?

Options:

economic transactions

unilateral transactions

multilateral transactions

none of these

Correct Answer:

economic transactions

Explanation:

the correct answer is option 1: economic transactions

An economic transaction occurs when something of economic value is provided by one party to another. When Country A exports goods or services to Country B and the value is transferred from Country B to Country A, this transaction is considered an economic transaction.