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Balance of payment problems arise if a country's?

Commerce
JAMB 2011

Balance of payment problems arise if a country's?

  • A. exports is more than imports
  • B. imports is more than exports
  • C. currency devaluation
  • D. invisible exports is more than visible exports
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Correct Answer: Option B
Explanation

A country's balance of payment problems  arises when the value of its visible and invisible imports is greater than the value of exports

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