When a country’s total visible and invisible exports are more than its visible and invisible imports, it has?
-
favourable balance of payments
- favourable balance of trade
- unfavourable balance of trade
- unfavourable balance of payment
The correct answer is: A
Explanation
A favourable balance of payments occurs when a country's total exports (both visible and invisible) exceed its total imports. This positive balance indicates that the country is earning more from its international transactions than it is spending, which contributes to a surplus in its financial accounts.