WAEC Economics 2021 Objective — Question 43
Question 43 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
43. Records of a country's invisible trade are recorded in her
- A. trade account.
- B. capital account.
- C. current account.Correct
- D. financial account.
Explanation
Invisible trade (services, e.g. banking, tourism, insurance) is recorded in the current account of the balance of payments.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.