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The rate at which a country's exports exchange for its imports is called

The rate at which a country's exports exchange for its imports is called
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Balance of payments
  • B Balance of trade
  • C terms of payment
  • D Terms of trade
Correct Answer: Option D
Explanation:
Terms of trade is the rate at which export exchange for import in a country

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