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Visible balance is also known as

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Economics WAEC 2012

Visible balance is also known as

  • terms of trade
  • balance of payments
  • balance of trade checkmark
  • capital balance

The correct answer is: C

Explanation

The visible trade balance is that part of the balance of trade figures that refers to international trade in physical goods, but not trade in services. It is also known as balance of payment in the current account balance.

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