The comparison of a country’s visible and invisible exports and imports expressed in monetary term…

The comparison of a country’s visible and invisible exports and imports expressed in monetary term is?

  • A.
    balance of payment
  • B.
    terms of trade
  • C.
    balance of trade
  • D.
    terms of payment
Correct Answer: Option C
Explanation

Balance of trade; the difference in value between a country’s imports and exports.

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