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Balance Of Trade Involves The Exchange Of? - Erudites Academy

Categories: Economics WAEC

Balance of trade involves the exchange of?

A. goods only
B. services only
C. goods and services
D. goods and capital

Correct Answer:

Option C – goods and services

Explanation

Balance of trade is the difference between the value of a country’s exports and the value of its imports. These exports and imports include both goods and services.

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