O-LevelCommerceGlobal trade7100/12 · Oct/Nov 2014 · Q151 Mark

The Balance of Payments on the current account for a country has changed as shown. Year $m 2004 -898 2014 4219 Which statement could account for this change?

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AFinancial services sold to other countries fell.

BNet income from residents living abroad was less.

CThe balance of trade worsened.

DThe value of invisible imports declined.

✓ Correct answer

D: The value of invisible imports declined.

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2014 Paper 1 Variant 2, question 15.

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