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The Comparison Of A Country's Visible And Invisible Exports And Imports Expressed In Monetary Term Is? - Erudites Academy

The comparison of a country’s visible and invisible exports and imports expressed in monetary term is?

A. balance of payment
B. terms of trade
C. balance of trade
D. terms of payment

Correct Answer:

Option C – balance of trade

Explanation

Balance of trade; the difference in value between a country’s imports and exports.

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4 years ago