The expression ‘terms of trade' is used to describe
Question
The expression ‘terms of trade’ is used to describeOptions
A)
Quality of export
B)
The direction of foreign trade
C)
Terms of purchase on deferred payment basis
D)
The rate at which export exchange for imports
E)
Import licensing
Related Lesson: Key Concepts and Summary | Exchange Rates and Capital Flows
The correct answer is D.
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