Question
The difference in the value of visible exports and visible imports is called :
Answer: Option A
Answer: (a)
Balance of Trade refers to the difference between the value of a country’s visible imports and visible exports.
Also known as the visible balance, it forms part of the balance of payments current account. When the value of visible imports totals more than the value of visible exports, it is known as an adverse balance of trade.
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Answer: (a)
Balance of Trade refers to the difference between the value of a country’s visible imports and visible exports.
Also known as the visible balance, it forms part of the balance of payments current account. When the value of visible imports totals more than the value of visible exports, it is known as an adverse balance of trade.
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