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an example of an invisible item of trade is?

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Commerce WAEC 2017

an example of an invisible item of trade is?

  • oil
  • shipping checkmark
  • machinery
  • textile

The correct answer is: B

Explanation

'Invisible Trade '. An invisible trade is a business transaction that occurs with no exchange of tangible goods. An invisible trade involves the transfer of non-tangible goods and/or services, such as customer service, intellectual property and patents. The items involved in an invisible trade are associated with a value and can be exchanged for tangible goods.

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