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WAEC Commerce 1997 Question 17

Question 17

Foreign Trade

The services rendered by Nigeria Airways to foreign companies are part of Nigeria's

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

Answer: C (invisible exports)

Explanation

Services sold to foreigners earn money for Nigeria, so they are invisible exports.