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
Explanation
Correct Option
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Chuks612
9 years ago
Wrong. Balance of trade is defined as the difference between a country's exports and it's imports. So the answer is B.
