ldquo Balance of Invisibles rdquo is a part of Current account What does it mean ........

Economic Affairs Balance of Payments

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“Balance of Invisibles” is a part of Current account. What does it mean?

Transfer Payment

Trade in services

Foreign Direct Investment

None of the above

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Explanation:

Trade in services in balance of payment is denoted as invisible trade (because they are not seen to cross-national borders) includes both factor income (net income from compensation of employees and net investment income, the latter equals, the interest, profits and dividends on our assets abroad minus the income foreigners earn on assets they own in Indi(a) and net non-factor income (shipping, banking, insurance, tourism, software services, etc.)