Which of the following is an example of an invisible item on the balance of...
ECONOMICS
JAMB 2020
Which of the following is an example of an invisible item on the balance of payments account
- A. shipping and aviation
- B. exports and imports
- C. merchandise
- D. Bullion
Correct Answer: A. shipping and aviation
Explanation
Invisible balance of payments are services and other products that do not result in the transfer of physical objects. Examples include consulting services, shipping services, tourism, and patent license revenues.
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