differentiate between visible and invisible items in Balance of payments - Economics - Government Budget and the Economy

Question

differentiate between visible and invisible items in Balance of
payments ?

Harkirat Kaur · Accepted Answer

Visible Items- Visible items in the BOP refer to all types of
physical goods, that are exported and imported by the country
Example - Machinery, clothes , rice etc Invisible Items- As against
visible items, invisible items in the BOP refers to all types of
non-physical goods that are traded by the country For example
banking and insurance services,etc

differentiate between visible and invisible items in Balance of payments ?