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WAEC Commerce 2017 Question 21

Question 21

Foreign Trade

An example of an invisible item of trade is

  1. A.oil.
  2. B.shipping.
  3. C.machinery.
  4. D.textile.
Show the answer and explanation

Answer: B (shipping.)

Explanation

Services such as shipping, insurance and banking are invisible items; oil, machinery and textiles are visible.