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WAEC Commerce 2025 Question 26

Question 26

Foreign Trade

An example of an invisible item in the balance of payment account is

  1. A.goods exported.
  2. B.goods imported.
  3. C.salaries of expatriates.
  4. D.sale of assets.
Show the answer and explanation

Answer: C (salaries of expatriates.)

Explanation

Salaries paid to or by foreign workers are payments for services, which are invisible items.