Trade And Invisbke Earnings

Question 1

In 1914 what % of Britain’s goods sold abroad

Answer 1

30% of goods/services produced by Britain sold abroad, meaning Britain had 25% of worlds trade

Question 2

What were invisible exports

Answer 2

Services like banking and insurance

Question 3

What did the reliability of the bank provide

Answer 3

Bank of England encouraged a large number of countries to invest in British enterprises

Question 4

In 1913 what % of GBs wealth was overseas

Answer 4

Around 32% of Britain’s wealth was in overseas investment