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The expression ‘Terms of Trade’ is used to describe ____
Classroom
Economics Classroom
Post Utme
Post Utme 0
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The expression ‘Terms of Trade’ is used to describe ____
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
The quality of exports
B
The direction of foreign trade
C
Terms of purchase on deferred payment basis
D
The rate at which exports exchange for imports
E
Import licensing
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Show Explanation
Correct Answer:
Option D
Explanation:
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