Visible balance is also known as
ECONOMICS
WAEC 2012
Visible balance is also known as
- A. terms of trade
- B. balance of payments
- C. balance of trade
- D. capital balance
Correct Answer: C. balance of trade
Explanation
The visible trade balance is that part of the balance of trade figures that refers to international trade in physical goods, but not trade in services. It is also known as balance of payment in the current account balance.
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