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WAEC Commerce 2022 Question 18

Question 18

Foreign Trade

A country's visible balance of payment is made up of

  1. A.interest on loans to foreign countries
  2. B.profit from investment abroad
  3. C.earnings from goods exported
  4. D.dividend earned from companies
Show the answer and explanation

Answer: C (earnings from goods exported)

Explanation

Visible trade is trade in physical goods, so it includes earnings from exported goods. Interest, profit and dividends are invisible items.