WAEC Economics 2012 Objective — Question 2
Question 2 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
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Visible balance is also known as
- A. terms of trade
- B. balance of payments
- C. balance of tradeCorrect
- D. capital balance
Explanation
The account that contains the balance of visible goods on the current account of the balance of payment is also known as the balance of trade.
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