Which of the following is classified as invisible item in balance of payment?
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Correct Answer: Option B
Explanation:
The invisible balance or balance of trade on services is that part of the balance of trade that refers to services and other products that do not result in the transfer of physical objects. Examples include consulting services, shipping services, tourism, salaries of expatriates and patent license revenues.
The invisible balance or balance of trade on services is that part of the balance of trade that refers to services and other products that do not result in the transfer of physical objects. Examples include consulting services, shipping services, tourism, salaries of expatriates and patent license revenues.