Question

Explain what is meant by invisible export and import?​

Answer 1

Explanation:

any service, such as banking, insurance and tourism, that cannot be seen and recorded as it crosses boundaries between countries. Invisible exports and imports, together with VISIBLE EXPORTS AND IMPORTS, make up the CURRENT ACCOUNT of a country's BALANCE OF PAYMENTS.

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Answer 2

All services that cannot be seen or registered when crossing borders between countries, such as banking, insurance, and tourism, are called invisible imports and exports.