Question

Economic Transactions ​

Answer 1

Economic Transaction: transfer of goods, the rendering of services (including saving and risk-taking), and transfers of money and other investments between residents of one country and residents of another country. Two categories of Economic Transactions: EX. Examples include shops, high streets, or websites.

Answer 2

Answer:

Economic transactions refer to those transactions which involve transfer of the title or ownership of goods, services, money and assets. They are broadly categorised as: Visible items: These include all types of physical goods which are exported and imported. These are called visible items as they are made of some matter or material and can be seen, touched and measured. The movement of such items is open and can be verified by the custom officials

Explanation:

EX. Examples include shops, high streets, or websites.