Question

12.In which of the following categories are the transactions of balance of trade recorded?

(1 Point)

Visible items

Invisible items

Capital transfers

All of these​

Answer 1

Answer:

(d) All of these

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Answer 2

Answer:

Visible items

• Only items that appear in the balance of payments are taken into account in the balance of trade.
• Visible goods are tangible goods [sugar, cloth, machinery, etc.] that can be seen or touched, counted, measured, weighed and duly registered with customs.
• The balance of payments is a balance that systematically records all economic transactions in the world with the residents of the country for a certain period of time.

Explanation for incorrect :

Invisible items:Invisible, on the other hand, represents various types of services such as transportation, banking, insurance, etc.

Capital transfers:A cash transfer consists of the transfer of cash that is expected or to be received by a first party from the sale of an asset or asset (other than inventories) or used by a second party to acquire an asset or asset (other than inventories).

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