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Balance of payment consist of ----------- and ---------- items

Balance of payment consist of ----------- and ---------- items
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Credit and loss
  • B Visible and non-visible
  • C Valid and invalid
  • D Income and expenditure
Correct Answer: Option B
Explanation:
The balance of payments records the economic transactions between a country and the rest of the world. These transactions include visible items such as merchandise trade and non-visible items such as services, income and transfers.

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