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WAEC Commerce 2012 Question 11

Question 11

Foreign Trade

Which of the following is classified as invisible item in balance of payment?

  1. A.Import of goods
  2. B.Salaries of expatriates
  3. C.Export of groundnuts
  4. D.Sale of equipment
Show the answer and explanation

Answer: B (Salaries of expatriates)

Explanation

Salaries paid to expatriates are payments for services, an invisible item.