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?
Answer & explanation
Correct answer: option 1
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.