International transactions fall into what two broad categories?

A) manufacturing trade and services trade
B) international trade and international asset transactions
C) currency transactions and services trade
D) newly created assets and preexisting assets

International transactions fall into two broad categories: international trade, which involves the exchange of goods and services across borders, and international asset transactions, which involve the exchange of financial assets such as stocks, bonds, and currencies across borders. Choice A is incorrect as manufacturing trade and services trade are both subsets of international trade. Choice C is incorrect as currency transactions are a subset of international asset transactions, and services trade is a subset of international trade. Choice D is incorrect as it does not accurately describe the categories of international transactions.