an example of an invisible item of trade is?
-
A.
oil -
B.
shipping -
C.
machinery -
D.
textile
Correct Answer: Option B
Explanation
‘Invisible Trade ‘. An invisible trade is a business transaction that occurs with no exchange of tangible goods. An invisible trade involves the transfer of non-tangible goods and/or services, such as customer service, intellectual property and patents. The items involved in an invisible trade are associated with a value and can be exchanged for tangible goods.