A country's visible balance of payment is made up of

Assessment: WAEC SSCE - Commerce - 2022 (Objective) Subject: Commerce

Question 1 Report

A country's visible balance of payment is made up of
Answer Details
A country's visible balance of payments is made up of earnings from goods exported. This refers to the income that a country receives from selling its products and services to other countries. It includes both physical goods, such as cars and electronics, as well as intangible goods, such as software and financial services. Other items, such as interest on loans to foreign countries, profit from investment abroad, and dividend earned from companies, are not included in the visible balance of payments, but are instead part of the country's overall balance of payments.

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