The difference between visible exports and invisible exports of a country, in money terms, is...

Economics

JAMB 1982

The difference between visible exports and invisible exports of a country, in money terms, is known as the?

A. Balance of trade
B. Balance of payments
C. Terms of trade
D. Foreign reserves
E. Special drawing right

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Correct Answer: Option B

Explanation

The Balance of Payments (BOP) is a comprehensive financial statement that captures all international transactions between a country and the rest of the world.

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The difference between visible exports and invisible exports of a country, in money terms, is...

Correct Answer: Option B

Explanation

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