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WAEC Commerce 1996 Question 47

Question 47

Foreign Trade

A nation's earnings from tourism are classified as

  1. A.visible exports
  2. B.invisible exports
  3. C.visible imports
  4. D.invisible imports
  5. E.entrepot trade items
Show the answer and explanation

Answer: B (invisible exports)

Explanation

Earnings from services such as tourism are invisible exports.