What is meant by the balance of trade? 10 13 16 V 19 22 25 14 17 20 23 12 15 18 21 24 a It is the measurement of the barter of products for products. b) It is the relative value of one currency to that of another. ( c) It is a measure of the total flow of money into or out of a country. ) d) It is a measure of the difference between exports and imports.
What is meant by the balance of trade? 10 13 16 V 19 22 25 14 17 20 23 12 15 18 21 24 a It is the measurement of the barter of products for products. b) It is the relative value of one currency to that of another. ( c) It is a measure of the total flow of money into or out of a country. ) d) It is a measure of the difference between exports and imports.
Chapter28: International Trade And Finance
Section: Chapter Questions
Problem 11SQ
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What is meant by the balance of trade ?
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a It is the measurement of the barter of products for products.
b) It is the relative value of one currency to that of another.
( c) It is a measure of the total flow of money into or out of a country.
) d) It is a measure of the difference between exports and imports.
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