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Moiseeva_F

Complete the following sentences to summarize the text above:

1. The two main categories in the balance of payments are…

2. The transactions of produced goods and services are grouped in the following way…

3. The merchandise trade account shows…

4. Travel and transportation, tourism, fees and royalties are grouped in …

5. Unilateral transfers are made…

6. The capital account measures transactions…

True-false questions:

  1. Two main categories in the balance of payments are the balance account and the capital account.

  1. The balance account summarizes a country’s real transactions involving currently produced goods and services.

  1. The services account measures foreign investment in the country and foreign investment abroad.

  1. The current account of balance is the sum of the exports and the imports of goods, income and net unilateral transfers.