Which of the following is an example of an invi... - JAMB Economics 2020 Question
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 option: a
Invisible balance of payments refers to services or products that do not result in the transfer of physical objects.
Examples of invisible balance are tourism, consulting services, and shipping services
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