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WAEC Commerce 2011 Question 15

Question 15

Foreign Trade

Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as

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

Answer: A (invisible imports.)

Explanation

The Gambia pays for a service from abroad, so it is an invisible import for The Gambia.