The relationship between a country's total receipts and payments in international trade in a given...

Commerce

WAEC 1991

The relationship between a country's total receipts and payments in international trade in a given year is called?

A. balance of trade
B. balance of payments
C. terms of trade
D. balance of current account
E. balance on capital account

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Correct Answer: Option B

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The relationship between a country's total receipts and payments in international trade in a given...

Correct Answer: Option B

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