Stage 2 Listening Comprehension
Now,you will listen to the lecture on Accounting for International Transactions.As you listen,find answers to the following questions:
1.How are cross-border transactions classified?
2.What is the balance of payments?
3.What are the categories of the current account?
4.What does the capital account record?
5.What are the categories of the financial account?
6.What do the balance-of-payments surplus and deficit tell us respectively?
