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Balance of trade refers to:

Balance of trade refers to:

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Exchange of invisible services
B Ratio of foreign receipts to payments
C Record of all international transactions
D Comparison between exports and imports of goods

Correct Answer: Option D

Explanation:
Balance of trade measures the difference between a country’s visible exports and visible imports.

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