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Which of the following is an example of an invisible item on the balance of payments account

Economics
JAMB 2020

Which of the following is an example of an invisible item on the balance of payments account

  • A. shipping and aviation
  • B. exports and imports
  • C. merchandise
  • D. Bullion
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Correct Answer: Option A
Explanation

Invisible balance of payments are services and other products that do not result in the transfer of physical objects. Examples include consulting services, shipping services, tourism, and patent license revenues.

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