JAMB Commerce 2008 Objective — Question 23

Question 23 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

23. Balance of payments is made up of

A. visible and current items
B. invisible and capital items
C. current and capital items
D. visible and invisible itemsCorrect

Explanation

Balance of payment is the difference between all import payments and export receipts, including visible goods and invisible services.

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