Which of the following factor forms the invisible account of the Balance of Payments of a country?
A. International trade in services.
B. Income associated with non resident assets and liabilities.
C. Remittance of worker income.
D. All the above.
Answer:D
Which of the following factor forms the invisible account of the Balance of Payments of a country?
A. International trade in services. B. Income associated with non resident assets and liabilities. C. Remittance of worker income. D. All the above.
Explanation: Balance of payment broadly comprises of current and capital accounts. Current account records export and import of goods (visible items), export and import of services (invisible items) and unilateral transfers from one country to another.