Balance of payment consist of ----------- and ---------- ...
Balance of payment consist of ----------- and ---------- items
Credit and loss
visible and non-visible
valid and invalid
income and expenditure
Correct answer is B
The balance of payments is a summary of all monetary transactions between a country and rest of the world. These transactions are made by individuals, firms and government bodies. Thus the balance of payments includes all external visible and non-visible transactions of a country.
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