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Wednesday, 22 April 2026
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Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X ...

Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)
The formular above can be used to determine the
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  • A Terms of payment
  • B Balance of payments
  • C Tearms of trade
  • D Import tariffs
Correct Answer: Option C
Explanation:

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