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WAEC Economics 2021 Question 43

Question 43

Balance of Payments and Exchange Rates

Records of a country's invisible trade are recorded in her

  1. A.trade account.
  2. B.capital account.
  3. C.current account
  4. D.financial account.
Show the answer and explanation

Answer: C (current account)

Explanation

Services (invisibles) are part of the current account.