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A country has a surplus in its balance of visible trade if
Question 1
Report
A country has a surplus in its balance of visible trade if
the value of imports exceeds the value of exports of goods
the value of exports exceeds the value of import of goods
the value of goods exported is equal to the value of goods imported
it is able to spend a lot on capital programmes
commercial banks assets increase
Answer Details
Read lesson note on International Trade (JAMB)
Read lesson note on International Trade And Balance Of Payments (WAEC)
International Trade
International Trade And Balance Of Payments
View Answer