McqMate
| Q. |
Which among the following best explains the difference between Trade in Invisibles and merchandise trade? |
| A. | invisible trade is much more hetnogenious than the merchandise. |
| B. | invisibles trade includes shipping, banking and insurance services and payments by residents as tourists abroad. trade in merchandise include the export and import of goods only. |
| C. | the net of exports and import of visible in balance of payment accounts is called the merchandise trade balance. the net of exports and import of invisibles or services in balance of payment accounts is called the services trade balance. |
| D. | all the above. |
| Answer» D. all the above. | |
View all MCQs in
International EconomicsNo comments yet