When a country's total visible and invisible exports are more than its visible and invisible...
COMMERCE
WAEC 2000
When a country's total visible and invisible exports are more than its visible and invisible imports, it has?
- A. favourable balance of payments
- B. favourable balance of trade
- C. unfavourable balance of trade
- D. unfavourable balance of payment
Correct Answer: B. favourable balance of trade
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