What Are the Three Categories of Transactions in the Balance

question 108

Essay

What are the three categories of transactions in the balance of payments? Give an example of each.

---

Definitions:

Major Organs

Essential organs within an organism that perform critical functions necessary for life, such as the heart, brain, lungs, liver, and kidneys.

Age Of Viability

The stage of fetal development at which the fetus has the capability to survive outside the uterus with medical support, typically around 24 weeks of gestation.

Prematurely

Occurring or done before the usual or proper time; too early.

Infant

An infant or newborn, generally referring to a child from their time of birth up to 12 months old.