Services transactions on Canada's balance-of-payments statement would include Canadian ships transporting lumber to Japan, foreign tourists spending money in Canada, and Canadian engineers designing bridges in China.

Question

Quizplus · Accepted Answer

Services transactions include any trade of intangible goods or services, such as transportation services or professional services like engineering. The examples given in the statement all involve services transactions.

Services Transactions on Canada's Balance-Of-Payments Statement Would Include Canadian Ships