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1. In a certain period difference between visible and invisible import and export of a country is called.

  • A. Balance of payment
  • B. Balance of payment
  • C. Balance of payment
  • D. Balance of payment

Answer: Option B

Explanation:

Balance of trade (BOT) is the difference between the value of a country's imports and exports for a given period and is the largest component of a country's balance of payments (BOP).

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