The balance of payments of a country on Current Account is equal to
A country's Balance of Payments on Current Account is equal to its Balance of Trade (visible exports minus visible imports of merchandise goods) plus net invisible exports…
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The balance of payments of a country on Current Account is equal to
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Correct answer B
A country's Balance of Payments on Current Account is equal to its Balance of Trade (visible exports minus visible imports of merchandise goods) plus net invisible exports (net receipts from cross-border services, investment income, and unilateral current transfers).
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UGC NET Commerce