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WAEC Economics 2019 Question 43

Question 43

Balance of Payments and Exchange Rates

Balance of trade involves exchange of

  1. A.goods only.
  2. B.services only.
  3. C.goods and services.
  4. D.goods and capital.
Show the answer and explanation

Answer: A (goods only.)

Explanation

The balance of trade covers visible items (goods) only.