The expression ‘terms of trade’ is used to describe

The expression ‘terms of trade’ is used to describe
  • 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
Correct Answer: Option D
Explanation
You May Also Like