Question on: JAMB Economics - 2018
Which of the following is an invisible item?
A
Petroleum services
B
Processed rice
C
Processed milk
D
Banking services
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Correct Option: D
Invisible export is in economics refers to any export that does not have a tangible physical presence (e.g. expertise, insurance underwriting). It consists of services rendered to other countries. Such services include transport, banking, insurance and other consulting service.
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