Balance of payment consist of ----------- and ---------- ...
Balance of payment consist of ----------- and ---------- items
Credit and loss
visible and non-visible
valid and invalid
income and expenditure
Correct answer is B
The balance of payments is a summary of all monetary transactions between a country and rest of the world. These transactions are made by individuals, firms and government bodies. Thus the balance of payments includes all external visible and non-visible transactions of a country.
The production process that combines two or more raw materials into one end product is ...
Which of the following is referred to as the oldest form of insurance? ...
A cheque which a bank draws on its own funds is a? ...
Which of the following is classified as invisible item in balance of payment? ...
The practice whereby a firm prepays the postage for the response of its customers is known as ...
Which of the following gets extra dividend after its due fixed rate of dividend ...
The body regulating the sale and purchase of shares in Nigeria is the ...
An association formed to protect the interests of buyers of various commodities is known as ...