Economics · Balance of Payments
Consider the following statements regarding Invisible Trade: 1. Invisible trade refers to the trade in intangible assets, whereas visible trade refers to the trade in tangible goods. 2. In the Balance of Payments, invisible trade traditionally comprises three main categories: Services, Transfers, and Income receipts. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither 1 nor 2
- 2Both 1 and 2✓
- 32 only
- 41 only
Correct answer
Both 1 and 2
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