Balance of Payments takes into account the exchange of
Both visible and invisible items are included in the balance of payments. Visible items concern merchandise transactions, while invisible items include services and other…
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Balance of Payments takes into account the exchange of
Answer and explanation
Correct answer D
Both visible and invisible items are included in the balance of payments. Visible items concern merchandise transactions, while invisible items include services and other non-merchandise transactions. Restricting coverage to either category would leave out part of an economy's international transactions.
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Gujarat SET (GSET)