Balance on goods and services — баланс товаров и услуг

14.5. Reading for Specific Information + Language Study

Oral Practice. Work with a partner and discuss these comprehension questions on text 14.4.

In what document is the wide variety of international transactions which create a demand for

and generate a supply of a given currency reflected?

2. What does a nation’s balance of payments statement record? Which transactions can be included

in this statement?

3. Which transactions can be shown in the current account? Why are exports designated with

a plus sign while imports are designated with a minus sign?

4. What does the trade balance imply?

5. In what case does a trade surplus, or “favourable balance of trade,” occur and when does a trade

deficit, or “unfavourable balance of trade,” occur?

6. What does the balance on goods and services show? What was the balance in the case of the

USA?

7. In what way can a nation’s balance on current account be attained? Show it by the US example.

8. What does the capital account reflect in a nation’s balance of payments?

Which capital transactions generate supplies of foreign currencies or, conversely, use up or

exhaust supplies of foreign currency?

10. What is the general feature of debit or outpayment transactions?