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Friday, 01 May 2026
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The rate at which a country's export is exchanged for her imports is

The rate at which a country's export is exchanged for her imports is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Trade balance
  • B Balance of payment
  • C Term of trade
  • D Balance on current account
Correct Answer: Option C
Explanation:
Terms of trade, relationship between the prices at which a country sells its exports and the prices paid for its imports.

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