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Friday, 10 April 2026
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The relationship between all imports and exports of a country is known as

The relationship between all imports and exports of a country is known as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Terms of trade
  • B Balance of trade
  • C Balance of payment
  • D Terms of payment
Correct Answer: Option B
Explanation:
Balance of trade is the difference in value between a country's imports and exports.

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