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Visible balance is also known as

Economics
WAEC 2012

Visible balance is also known as

  • A. terms of trade
  • B. balance of payments
  • C. balance of trade
  • D. capital balance
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Correct Answer: Option C
Explanation

The visible trade balance is that part of the balance of trade figures that refers to international trade in physical goods, but not trade in services. It is also known as balance of payment in the current account balance.

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