Which one of the following is true statement?
A. A balance of trade deals with export and import of invisible items only.
B. A balance of payment deals with both visible and invisible items.
C. The current account is not a component of balance of payment.
D. All the above.
Answer:B
Which one of the following is true statement?
A. A balance of trade deals with export and import of invisible items only. B. A balance of payment deals with both visible and invisible items. C. The current account is not a component of balance of payment. D. All the above.