WAEC Commerce 2015 Objective — Question 4
Question 4 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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The insurance services rendered to a foreign shipping company are treated as
- A. invisible exportCorrect
- B. invisible import
- C. visible export
- D. balance of trade
Explanation
All services are categorised as invisible export in the balance of payment accounts.
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