The insurance services rendered to a foreign shipping company are treated as?
-
A.
invisible export -
B.
invisible imports -
C.
visible export -
D.
balance of payment
Correct Answer: Option A
Explanation
Invisible export is Any export that does not have a tangible physical presence (e.g. expertise, insurance underwriting). Although physical imports exceeded exports, when invisible exports were accounted for the balance of payments was healthy.