Which of the following is classified as invisible item in_the balance of payments?

Assessment: WAEC SSCE - Commerce - 1995 (Objective) Subject: Commerce

Question 1 Report

Which of the following is classified as invisible item in_the balance of payments?
Answer Details
Salaries of expatriates is classified as an invisible item in the balance of payments. Invisible items refer to transactions that do not involve the physical movement of goods or services across borders. Salaries of expatriates are payments made by a country to its citizens who work in another country, and it is an example of a service payment that is not visible in the balance of payments. Other examples of invisible items include tourism, remittances, and intellectual property payments.
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